AWM Investment Company Inc. acquired a new stake in Ouster, Inc. (NASDAQ:OUST - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 157,435 shares of the company's stock, valued at approximately $9,843,000. AWM Investment Company Inc. owned 0.22% of Ouster at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in shares of Ouster by 2,532.6% during the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company's stock worth $27,000 after purchasing an additional 1,089 shares in the last quarter. Larson Financial Group LLC increased its stake in Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company's stock valued at $43,000 after acquiring an additional 1,067 shares during the last quarter. SHP Wealth Management acquired a new position in Ouster during the fourth quarter valued at approximately $96,000. Van ECK Associates Corp lifted its stake in Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company's stock worth $97,000 after purchasing an additional 525 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Ouster by 139.9% during the fourth quarter. Global Retirement Partners LLC now owns 4,622 shares of the company's stock worth $100,000 after purchasing an additional 2,695 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.
Ouster Stock Up 1.3%
NASDAQ OUST opened at $36.23 on Wednesday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -42.13 and a beta of 3.24. Ouster, Inc. has a twelve month low of $16.40 and a twelve month high of $63.79. The stock has a fifty day simple moving average of $42.80 and a 200 day simple moving average of $32.28.
Ouster (NASDAQ:OUST - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.14). Ouster had a negative return on equity of 17.49% and a negative net margin of 26.02%.The company had revenue of $54.63 million for the quarter, compared to the consensus estimate of $51.47 million. Research analysts expect that Ouster, Inc. will post -1.07 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Citigroup reissued an "outperform" rating on shares of Ouster in a report on Tuesday, July 21st. Oppenheimer reaffirmed an "outperform" rating and set a $57.00 price target (up from $42.00) on shares of Ouster in a report on Wednesday, July 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ouster in a research report on Wednesday, August 12th. Cantor Fitzgerald downgraded shares of Ouster from an "overweight" rating to a "neutral" rating in a research note on Thursday, May 7th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $53.00 target price on shares of Ouster in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.67.
Read Our Latest Report on Ouster
Insider Activity at Ouster
In related news, Director Ted L. Tewksbury III sold 1,695 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $47.00, for a total transaction of $79,665.00. Following the completion of the sale, the director owned 124,999 shares of the company's stock, valued at $5,874,953. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kenneth P. Gianella sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $45.33, for a total transaction of $1,813,200.00. Following the sale, the chief financial officer directly owned 261,014 shares of the company's stock, valued at approximately $11,831,764.62. This trade represents a 13.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 160,829 shares of company stock worth $6,736,649 over the last quarter. 5.72% of the stock is owned by company insiders.
About Ouster
(
Free Report)
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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