Algert Global LLC Boosts Stake in Ouster, Inc. $OUST

Key Points

• Algert Global LLC boosted its stake in Ouster by 192.6% in Q3 to 500,902 shares, representing about 0.83% of the company and valued at roughly $13.55 million.
• Ouster carries an average analyst rating of "Moderate Buy" (four Buys, one Hold) with an average target of $36.17; the stock has a market capitalization of about $1.29 billion and a one‑year range of $6.34–$41.65.
• Institutional ownership is about 31.45% and insiders own 6.63%; notable recent insider activity includes General Counsel Megan Chung selling 5,837 shares and Director Virginia Boulet purchasing 6,500 shares.

Algert Global LLC lifted its stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 192.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 500,902 shares of the company's stock after acquiring an additional 329,735 shares during the period. Algert Global LLC owned approximately 0.83% of Ouster worth $13,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OUST. AQR Capital Management LLC lifted its stake in Ouster by 610.1% during the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company's stock worth $2,661,000 after purchasing an additional 254,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ouster by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company's stock valued at $255,000 after buying an additional 2,037 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ouster by 8.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company's stock valued at $28,876,000 after buying an additional 95,510 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Ouster by 40.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,242 shares of the company's stock worth $297,000 after buying an additional 3,543 shares during the last quarter. Finally, Creative Planning lifted its position in Ouster by 13.6% in the 2nd quarter. Creative Planning now owns 43,004 shares of the company's stock worth $1,043,000 after buying an additional 5,135 shares during the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Ouster Price Performance

Shares of Ouster stock opened at $21.47 on Monday. The business's 50 day simple moving average is $22.25 and its two-hundred day simple moving average is $25.38. The stock has a market capitalization of $1.29 billion, a P/E ratio of -8.35 and a beta of 2.91. Ouster, Inc. has a one year low of $6.34 and a one year high of $41.65.

Analyst Upgrades and Downgrades

A number of research analysts have commented on OUST shares. Rosenblatt Securities reiterated a "buy" rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Oppenheimer restated an "outperform" rating and issued a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.17.

Insider Buying and Selling

In related news, General Counsel Megan Chung sold 5,837 shares of Ouster stock in a transaction on Friday, January 16th. The shares were sold at an average price of $27.24, for a total value of $158,999.88. Following the transaction, the general counsel directly owned 183,141 shares of the company's stock, valued at $4,988,760.84. The trade was a 3.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Virginia Boulet purchased 6,500 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $20.95 per share, with a total value of $136,175.00. Following the completion of the acquisition, the director directly owned 228,342 shares in the company, valued at $4,783,764.90. The trade was a 2.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 6.63% of the stock is owned by insiders.

Ouster Company Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company's core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.

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