BNP Paribas Financial Markets Acquires Shares of 53,605 Ouster, Inc. (NYSE:OUST)

BNP Paribas Financial Markets purchased a new position in Ouster, Inc. (NYSE:OUST - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 53,605 shares of the company's stock, valued at approximately $655,000. BNP Paribas Financial Markets owned about 0.11% of Ouster at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its position in Ouster by 18.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock valued at $85,000 after buying an additional 1,063 shares during the period. AlphaQuest LLC grew its position in shares of Ouster by 916.0% during the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock valued at $101,000 after acquiring an additional 7,456 shares during the period. ExodusPoint Capital Management LP purchased a new stake in shares of Ouster in the 4th quarter worth $154,000. SVB Wealth LLC bought a new position in Ouster in the 4th quarter worth $163,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Ouster by 35.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,645 shares of the company's stock worth $228,000 after purchasing an additional 4,839 shares during the period. Institutional investors own 31.45% of the company's stock.

Analyst Ratings Changes

OUST has been the subject of a number of analyst reports. Westpark Capital upgraded Ouster from a "hold" rating to a "buy" rating and set a $13.68 price target for the company in a research report on Friday, May 9th. UBS Group set a $16.00 price objective on Ouster in a research note on Thursday, March 27th. Oppenheimer assumed coverage on shares of Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $17.00 price target on shares of Ouster in a research report on Friday, March 21st. Finally, Cantor Fitzgerald increased their price objective on shares of Ouster from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $14.10.

Ouster Price Performance

Shares of OUST stock traded down $0.02 during mid-day trading on Thursday, hitting $11.92. The company had a trading volume of 905,594 shares, compared to its average volume of 1,292,421. The stock's 50 day moving average price is $8.79 and its 200-day moving average price is $9.60. Ouster, Inc. has a 52-week low of $5.84 and a 52-week high of $16.88. The company has a market capitalization of $641.05 million, a P/E ratio of -4.61 and a beta of 2.25.

Insider Activity

In related news, General Counsel Megan Chung sold 5,800 shares of Ouster stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total value of $65,192.00. Following the completion of the transaction, the general counsel now owns 220,762 shares in the company, valued at approximately $2,481,364.88. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 9,099 shares of company stock worth $90,460 over the last 90 days. Corporate insiders own 7.81% of the company's stock.

Ouster 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.