17,398 Shares in Ouster, Inc. $OUST Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC purchased 17,398 shares of Ouster, Inc. for approximately $422,000, as disclosed in their recent SEC filing.
• Ouster's stock saw recent insider selling, with CTO Mark Frichtl and COO Darien Spencer selling shares, representing **3.67% and 5.01% decreases** in their respective positions.
• Wall Street analysts have an average rating of **"Buy"** for Ouster, with a target price ranging from $15.95 to **$19.00**, indicating potential growth.

Counterpoint Mutual Funds LLC purchased a new position in Ouster, Inc. (NYSE:OUST - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,398 shares of the company's stock, valued at approximately $422,000.

Several other large investors also recently bought and sold shares of OUST. Rhumbline Advisers raised its stake in shares of Ouster by 2.9% during the first quarter. Rhumbline Advisers now owns 81,475 shares of the company's stock valued at $732,000 after purchasing an additional 2,284 shares during the period. Intrua Financial LLC grew its holdings in Ouster by 16.4% during the 1st quarter. Intrua Financial LLC now owns 13,962 shares of the company's stock valued at $125,000 after purchasing an additional 1,970 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ouster by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company's stock worth $255,000 after buying an additional 2,037 shares during the period. AQR Capital Management LLC increased its stake in Ouster by 610.1% during the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company's stock worth $2,661,000 after buying an additional 254,580 shares during the period. Finally, Graham Capital Management L.P. lifted its holdings in Ouster by 57.1% in the 1st quarter. Graham Capital Management L.P. now owns 99,309 shares of the company's stock worth $892,000 after buying an additional 36,081 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.

Insider Transactions at Ouster

In other news, CTO Mark Frichtl sold 25,329 shares of Ouster stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.46, for a total value of $720,863.34. Following the completion of the transaction, the chief technology officer owned 665,403 shares in the company, valued at approximately $18,937,369.38. This trade represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Darien Spencer sold 18,274 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.46, for a total value of $520,078.04. Following the sale, the chief operating officer directly owned 346,132 shares in the company, valued at approximately $9,850,916.72. This represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,778 shares of company stock worth $2,811,222. 6.63% of the stock is currently owned by corporate insiders.

Ouster Stock Performance

Shares of OUST stock opened at $33.08 on Wednesday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -12.87 and a beta of 2.75. Ouster, Inc. has a one year low of $5.91 and a one year high of $36.25. The company's 50-day simple moving average is $28.72 and its 200-day simple moving average is $18.37.

Wall Street Analysts Forecast Growth

OUST has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $19.00 target price on shares of Ouster in a research report on Thursday, June 12th. Westpark Capital upgraded Ouster from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $15.95.

Ouster Company Profile

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.