Ouster, Inc. (NYSE:OUST) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its stake in Ouster, Inc. (NYSE:OUST - Free Report) by 68.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 123,015 shares of the company's stock after selling 265,170 shares during the quarter. Nuveen Asset Management LLC owned about 0.25% of Ouster worth $1,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of Ouster by 19.9% during the fourth quarter. SG Americas Securities LLC now owns 19,652 shares of the company's stock worth $240,000 after buying an additional 3,261 shares during the period. Legato Capital Management LLC increased its position in Ouster by 16.3% in the 4th quarter. Legato Capital Management LLC now owns 65,860 shares of the company's stock valued at $805,000 after acquiring an additional 9,228 shares during the period. Rhumbline Advisers increased its position in Ouster by 6.6% in the 4th quarter. Rhumbline Advisers now owns 79,191 shares of the company's stock valued at $968,000 after acquiring an additional 4,900 shares during the period. New York State Common Retirement Fund boosted its holdings in Ouster by 25.8% in the 4th quarter. New York State Common Retirement Fund now owns 759,491 shares of the company's stock valued at $9,281,000 after purchasing an additional 155,640 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Ouster by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company's stock valued at $1,246,000 after purchasing an additional 1,074 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.

Insider Buying and Selling at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total value of $65,192.00. Following the completion of the transaction, the general counsel now directly owns 220,762 shares in the company, valued at approximately $2,481,364.88. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 9,099 shares of company stock worth $90,460. Insiders own 7.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Cantor Fitzgerald boosted their price target on Ouster from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Oppenheimer assumed coverage on Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 price target on the stock. Westpark Capital raised Ouster from a "hold" rating to a "buy" rating and set a $13.68 price target on the stock in a research note on Friday, May 9th. Rosenblatt Securities reissued a "buy" rating and set a $17.00 price target on shares of Ouster in a research note on Friday, March 21st. Finally, UBS Group set a $16.00 target price on Ouster in a research note on Thursday, March 27th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $14.10.

Ouster Price Performance

OUST traded down $0.21 during trading on Thursday, hitting $13.76. The company's stock had a trading volume of 2,527,878 shares, compared to its average volume of 1,336,907. The firm's 50 day moving average price is $9.02 and its 200-day moving average price is $9.72. The stock has a market cap of $739.82 million, a PE ratio of -5.35 and a beta of 2.47. Ouster, Inc. has a twelve month low of $5.84 and a twelve month high of $16.88.

Ouster Company 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.