Hussman Strategic Advisors Inc. purchased a new position in Ouster, Inc. (NYSE:OUST - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Byrne Asset Management LLC bought a new stake in Ouster in the first quarter worth $39,000. FNY Investment Advisers LLC purchased a new stake in Ouster in the first quarter worth $49,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Ouster in the first quarter worth about $97,000. CWM LLC boosted its holdings in Ouster by 1,094.9% in the first quarter. CWM LLC now owns 11,591 shares of the company's stock worth $104,000 after acquiring an additional 10,621 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Ouster by 9,703.8% in the first quarter. GAMMA Investing LLC now owns 15,392 shares of the company's stock worth $138,000 after acquiring an additional 15,235 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors.
Ouster Price Performance
NYSE:OUST traded up $2.01 during mid-day trading on Friday, reaching $30.65. The stock had a trading volume of 3,179,094 shares, compared to its average volume of 1,695,651. The stock has a 50-day simple moving average of $18.35 and a two-hundred day simple moving average of $12.35. The stock has a market capitalization of $1.65 billion, a PE ratio of -11.93 and a beta of 2.75. Ouster, Inc. has a 12 month low of $5.84 and a 12 month high of $31.31.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on OUST shares. Cantor Fitzgerald reissued a "neutral" rating and set a $19.00 target price on shares of Ouster in a research note on Thursday, June 12th. UBS Group set a $16.00 price target on Ouster in a report on Thursday, March 27th. Rosenblatt Securities restated a "buy" rating and issued a $17.00 target price on shares of Ouster in a research report on Friday, March 21st. Westpark Capital cut Ouster from a "buy" rating to a "hold" rating in a research report on Thursday, June 12th. Finally, Oppenheimer assumed coverage on Ouster in a research report on Thursday, March 27th. They set an "outperform" rating and a $16.00 price objective for the company. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ouster currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.24.
Get Our Latest Stock Analysis on Ouster
Ouster Profile
(
Free Report)
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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