GAMMA Investing LLC Has $138,000 Stock Holdings in Ouster, Inc. (NYSE:OUST)

GAMMA Investing LLC boosted its holdings in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 9,703.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,392 shares of the company's stock after buying an additional 15,235 shares during the period. GAMMA Investing LLC's holdings in Ouster were worth $138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EVR Research LP acquired a new stake in Ouster in the 4th quarter valued at $5,343,000. Trexquant Investment LP lifted its holdings in shares of Ouster by 113.9% during the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company's stock valued at $7,362,000 after acquiring an additional 320,742 shares during the period. Penn Capital Management Company LLC boosted its stake in shares of Ouster by 27.4% in the 4th quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company's stock valued at $13,375,000 after purchasing an additional 235,563 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in shares of Ouster in the 4th quarter worth about $2,566,000. Finally, Vanguard Group Inc. grew its holdings in shares of Ouster by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company's stock worth $44,416,000 after purchasing an additional 155,736 shares during the last quarter. Institutional investors own 31.45% of the company's stock.

Wall Street Analyst Weigh In

OUST has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 price target on shares of Ouster in a report on Friday, March 21st. Oppenheimer started coverage on Ouster in a research note on Thursday, March 27th. They issued an "outperform" rating and a $16.00 target price for the company. UBS Group set a $16.00 price target on shares of Ouster in a research report on Thursday, March 27th. Cantor Fitzgerald reissued a "neutral" rating and set a $19.00 price objective on shares of Ouster in a report on Thursday, June 12th. Finally, Westpark Capital downgraded shares of Ouster from a "buy" rating to a "hold" rating in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ouster has an average rating of "Moderate Buy" and a consensus target price of $15.24.

Ouster Stock Down 5.9%

OUST stock traded down $1.52 during midday trading on Friday, reaching $24.10. The stock had a trading volume of 6,002,009 shares, compared to its average volume of 1,915,674. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -9.38 and a beta of 2.48. Ouster, Inc. has a twelve month low of $5.84 and a twelve month high of $26.07. The business has a fifty day simple moving average of $12.94 and a two-hundred day simple moving average of $10.86.

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.