33,282 Shares in Ouster, Inc. $OUST Purchased by Algert Global LLC

Key Points

• Algert Global LLC acquired a new stake in Ouster, Inc. worth approximately $299,000, owning about 0.06% of the company after acquiring 33,282 shares.
• In total, institutional investors have significantly increased their stakes in Ouster, with hedge funds showing notable interest and 31.45% of the stock currently owned by these groups.
• Ouster's stock is rated with a consensus of "Buy" by analysts, and the average price target is set at $15.95, despite a volatile trading range over the past year.

Algert Global LLC bought a new position in Ouster, Inc. (NYSE:OUST - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 33,282 shares of the company's stock, valued at approximately $299,000. Algert Global LLC owned 0.06% of Ouster as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Byrne Asset Management LLC bought a new stake in Ouster during the first quarter valued at about $39,000. FNY Investment Advisers LLC bought a new stake in Ouster during the first quarter valued at about $49,000. Wealth Enhancement Advisory Services LLC bought a new stake in Ouster during the first quarter valued at about $97,000. CWM LLC raised its holdings in Ouster by 1,094.9% during the first quarter. CWM LLC now owns 11,591 shares of the company's stock valued at $104,000 after acquiring an additional 10,621 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Ouster by 9,703.8% during the first quarter. GAMMA Investing LLC now owns 15,392 shares of the company's stock valued at $138,000 after acquiring an additional 15,235 shares during the period. 31.45% of the stock is owned by institutional investors.

Ouster Trading Up 1.9%

Shares of NYSE:OUST traded up $0.58 during mid-day trading on Thursday, reaching $30.86. The stock had a trading volume of 2,485,724 shares, compared to its average volume of 2,186,443. The company has a market cap of $1.66 billion, a P/E ratio of -12.01 and a beta of 2.74. Ouster, Inc. has a 1 year low of $5.84 and a 1 year high of $36.25. The business's 50 day moving average price is $26.24 and its 200 day moving average price is $15.55.

Wall Street Analyst Weigh In

OUST has been the topic of a number of recent analyst reports. Cantor Fitzgerald reissued a "neutral" rating and set a $19.00 price target on shares of Ouster in a report on Thursday, June 12th. Westpark Capital raised Ouster from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company 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.