Ouster, Inc. $OUST Stock Holdings Lifted by Caption Management LLC

Key Points

• Caption Management LLC increased its holdings in Ouster, Inc. by 189.4%, acquiring 41,285 shares in the first quarter, bringing its total ownership to 63,085 shares valued at approximately $567,000.
• Several other large investors also expanded their positions in Ouster in the fourth quarter, including Barclays PLC, which increased its stake by 22.9% to hold 70,447 shares valued at $861,000.
• Ouster currently holds an average rating of "Buy" from analysts, with a consensus price target of $15.95, following recent upgrades from firms such as Westpark Capital.

Caption Management LLC raised its holdings in Ouster, Inc. (NYSE:OUST - Free Report) by 189.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,085 shares of the company's stock after purchasing an additional 41,285 shares during the period. Caption Management LLC owned 0.12% of Ouster worth $567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of OUST. Vanguard Group Inc. lifted its stake in shares of Ouster by 5.3% during the first quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company's stock valued at $34,354,000 after buying an additional 190,885 shares during the period. Penn Capital Management Company LLC lifted its stake in shares of Ouster by 5.6% during the first quarter. Penn Capital Management Company LLC now owns 1,155,414 shares of the company's stock valued at $10,387,000 after buying an additional 60,886 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ouster by 22.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 471,020 shares of the company's stock valued at $5,757,000 after buying an additional 85,355 shares during the period. Northern Trust Corp lifted its stake in shares of Ouster by 7.9% during the fourth quarter. Northern Trust Corp now owns 380,849 shares of the company's stock valued at $4,654,000 after buying an additional 27,966 shares during the period. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Ouster by 10.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 269,493 shares of the company's stock valued at $3,293,000 after buying an additional 24,798 shares during the period. Hedge funds and other institutional investors own 31.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on OUST shares. Westpark Capital raised shares of Ouster from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Cantor Fitzgerald reissued a "neutral" rating and issued a $19.00 price objective on shares of Ouster in a research report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $15.95.

Ouster Trading Down 1.9%

NYSE:OUST traded down $0.53 during mid-day trading on Wednesday, hitting $27.42. The stock had a trading volume of 1,150,329 shares, compared to its average volume of 2,186,075. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -10.67 and a beta of 2.75. The company has a 50 day simple moving average of $26.84 and a 200-day simple moving average of $16.19. Ouster, Inc. has a 52 week low of $5.84 and a 52 week high of $36.25.

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.