EntryPoint Capital LLC Sells 26,241 Shares of Ouster, Inc. $OUST

Key Points

• EntryPoint Capital LLC reduced its holdings in Ouster, Inc. by 53.9%, selling 26,241 shares and now owns 22,437 shares valued at $201,000.
• Several institutional investors have recently adjusted their stakes in Ouster, with notable increases from CWM LLC and GAMMA Investing LLC, significantly boosting their holdings by over 1,000%.
• Ouster has received mixed analyst ratings, with a recent upgrade from Westpark Capital to a "buy" rating, while Cantor Fitzgerald maintains a "neutral" rating with a $19.00 price target.

EntryPoint Capital LLC trimmed its position in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 53.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,437 shares of the company's stock after selling 26,241 shares during the quarter. EntryPoint Capital LLC's holdings in Ouster were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in OUST. Byrne Asset Management LLC bought a new stake in Ouster during the first quarter worth about $39,000. FNY Investment Advisers LLC bought a new stake in Ouster during the first quarter worth about $49,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ouster during the first quarter valued at approximately $97,000. CWM LLC grew its stake in shares of 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 purchasing an additional 10,621 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 15,235 shares during the last quarter. 31.45% of the stock is owned by institutional investors.

Ouster Stock Performance

OUST opened at $30.65 on Monday. The firm's fifty day moving average is $25.60 and its two-hundred day moving average is $15.20. The firm has a market cap of $1.65 billion, a PE ratio of -11.93 and a beta of 2.74. Ouster, Inc. has a twelve month low of $5.84 and a twelve month high of $36.25.

Analyst Ratings Changes

Several analysts have recently commented 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 set a $19.00 price target on shares of Ouster in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $15.95.

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.

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