Ouster, Inc. $OUST Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. raised its stake in Ouster, Inc. by 71.3%, acquiring a total of 35,249 shares valued at approximately $317,000 as of the end of the first quarter.
• Ouster has received multiple ratings upgrades recently, with an average rating of "Buy" and a consensus target price of $15.95.
• The company’s stock is currently trading at around $27.47, having reached a 52-week low of $5.84 and a high of $36.25.

Invesco Ltd. increased its stake in Ouster, Inc. (NYSE:OUST - Free Report) by 71.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,249 shares of the company's stock after acquiring an additional 14,674 shares during the quarter. Invesco Ltd. owned approximately 0.07% of Ouster worth $317,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Herald Investment Management Ltd acquired a new stake in shares of Ouster in the first quarter valued at about $1,794,000. Deutsche Bank AG lifted its stake in Ouster by 9.5% in the 1st quarter. Deutsche Bank AG now owns 34,088 shares of the company's stock valued at $306,000 after buying an additional 2,951 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Ouster by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company's stock worth $34,354,000 after buying an additional 190,885 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Ouster in the 1st quarter worth about $566,000. Finally, CWM LLC increased its stake in Ouster by 1,094.9% during the 1st quarter. CWM LLC now owns 11,591 shares of the company's stock worth $104,000 after buying an additional 10,621 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OUST has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $19.00 price target on shares of Ouster in a research note on Thursday, June 12th. Westpark Capital raised shares of Ouster from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. 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. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $15.95.

Ouster Price Performance

Shares of OUST traded up $2.44 during mid-day trading on Thursday, reaching $30.73. The stock had a trading volume of 3,167,731 shares, compared to its average volume of 2,182,330. Ouster, Inc. has a 52-week low of $5.91 and a 52-week high of $36.25. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -11.96 and a beta of 2.75. The business's fifty day moving average is $27.48 and its 200 day moving average is $16.98.

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.