Ouster, Inc. (NYSE:OUST) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 9,703.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,392 shares of the company's stock after purchasing an additional 15,235 shares during the period. GAMMA Investing LLC's holdings in Ouster were worth $138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Ouster by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 367,388 shares of the company's stock valued at $4,489,000 after acquiring an additional 10,981 shares during the period. Deutsche Bank AG raised its holdings in shares of Ouster by 30.8% during the fourth quarter. Deutsche Bank AG now owns 31,137 shares of the company's stock valued at $380,000 after acquiring an additional 7,329 shares during the period. Barclays PLC raised its holdings in shares of Ouster by 22.9% during the fourth quarter. Barclays PLC now owns 70,447 shares of the company's stock valued at $861,000 after acquiring an additional 13,117 shares during the period. Bank of America Corp DE raised its holdings in shares of Ouster by 14.2% during the fourth quarter. Bank of America Corp DE now owns 105,753 shares of the company's stock valued at $1,292,000 after acquiring an additional 13,145 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ouster by 10.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company's stock valued at $321,000 after purchasing an additional 2,542 shares in the last quarter. 31.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, General Counsel Megan Chung sold 5,800 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.63% of the company's stock.

Ouster Stock Performance

Shares of OUST stock opened at $23.70 on Tuesday. Ouster, Inc. has a 52-week low of $5.84 and a 52-week high of $24.74. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -9.22 and a beta of 2.48. The firm has a fifty day moving average of $11.89 and a 200-day moving average of $10.57.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group set a $16.00 target price on shares of Ouster in a research report on Thursday, March 27th. Oppenheimer assumed coverage on shares of Ouster in a research report on Thursday, March 27th. They issued an "outperform" rating and a $16.00 target price for the company. Cantor Fitzgerald reissued a "neutral" rating and issued a $19.00 target price on shares of Ouster in a research report on Thursday, June 12th. Westpark Capital downgraded shares of Ouster from a "buy" rating to a "hold" rating in a research report on Thursday, June 12th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $17.00 target price on shares of Ouster in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.24.

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.

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