American Century Companies Inc. Boosts Stake in Ouster, Inc. $OUST

Key Points

• American Century Companies Inc. increased its holdings in Ouster, Inc. by 40.2%, owning approximately 0.10% of the company valued at $466,000.
• Deutsche Bank AG and Bank of America Corp DE also raised their stakes in Ouster during the fourth quarter, with Deutsche Bank owning shares worth $380,000.
• Analyst ratings for Ouster are generally favorable, with a consensus rating of "Buy" and a price target of $15.95, according to recent reports.

American Century Companies Inc. boosted its stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 40.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,882 shares of the company's stock after acquiring an additional 14,875 shares during the quarter. American Century Companies Inc. owned 0.10% of Ouster worth $466,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in shares of Ouster by 2.9% in the first quarter. Rhumbline Advisers now owns 81,475 shares of the company's stock worth $732,000 after acquiring an additional 2,284 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ouster by 10.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company's stock worth $321,000 after acquiring an additional 2,542 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Ouster by 9.5% in the first quarter. Deutsche Bank AG now owns 34,088 shares of the company's stock worth $306,000 after acquiring an additional 2,951 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of Ouster in the first quarter worth approximately $39,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Ouster by 35.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,645 shares of the company's stock worth $228,000 after acquiring an additional 4,839 shares during the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ouster Price Performance

Ouster stock traded up $2.44 during trading on Thursday, reaching $30.73. 3,167,731 shares of the company were exchanged, compared to its average volume of 2,182,330. Ouster, Inc. has a 52-week low of $5.91 and a 52-week high of $36.25. The company has a market capitalization of $1.78 billion, a P/E ratio of -11.96 and a beta of 2.75. The stock's 50 day simple moving average is $27.48 and its two-hundred day simple moving average is $16.98.

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.