Hussman Strategic Advisors Inc. Makes New Investment in Ouster, Inc. (NYSE:OUST)

Hussman Strategic Advisors Inc. purchased a new stake in Ouster, Inc. (NYSE:OUST - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 63,000 shares of the company's stock, valued at approximately $566,000. Hussman Strategic Advisors Inc. owned 0.12% of Ouster at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new position in Ouster in the 1st quarter worth approximately $39,000. FNY Investment Advisers LLC bought a new stake in Ouster in the first quarter valued at about $49,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Ouster during the first quarter valued at approximately $97,000. CWM LLC grew its holdings 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, ExodusPoint Capital Management LP bought a new position in shares of Ouster during the fourth quarter valued at approximately $154,000. Institutional investors and hedge funds own 31.45% of the company's stock.

Analysts Set New Price Targets

OUST has been the topic of several recent analyst reports. Oppenheimer started coverage on shares of Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 target price on the stock. UBS Group set a $16.00 price target on shares of Ouster in a report on Thursday, March 27th. Cantor Fitzgerald restated a "neutral" rating and set a $19.00 price target on shares of Ouster in a report on Thursday, June 12th. Finally, Westpark Capital cut shares of Ouster from a "buy" rating to a "hold" rating in a research note on Thursday, June 12th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ouster has an average rating of "Moderate Buy" and an average target price of $15.24.

Ouster Price Performance

Shares of OUST traded down $1.94 during trading hours on Tuesday, hitting $27.38. 4,361,860 shares of the stock were exchanged, compared to its average volume of 1,711,280. Ouster, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $31.77. The business has a 50-day moving average of $18.35 and a 200-day moving average of $12.35. The firm has a market capitalization of $1.47 billion, a P/E ratio of -10.65 and a beta of 2.75.

About Ouster

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.