Graham Capital Management L.P. Has $892,000 Stake in Ouster, Inc. $OUST

Key Points

• Graham Capital Management L.P. increased its position in Ouster, Inc. by 57.1% during the first quarter, now owning approximately 0.18% of the company valued at $892,000.
• A range of hedge funds, including Vanguard Group Inc., Penn Capital Management, and Dimensional Fund Advisors LP, have also raised their stakes in Ouster, leading to institutional ownership of 31.45% of the stock.
• Equities analysts currently rate Ouster shares with an average consensus of "Buy" and a target price of $15.95, indicating positive outlook for the stock.

Graham Capital Management L.P. boosted its stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 57.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 99,309 shares of the company's stock after buying an additional 36,081 shares during the period. Graham Capital Management L.P. owned approximately 0.18% of Ouster worth $892,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new stake in Ouster during the 1st quarter worth approximately $39,000. FNY Investment Advisers LLC acquired a new stake in Ouster during the 1st quarter worth approximately $49,000. AlphaQuest LLC raised its holdings in Ouster by 27.8% during the 1st quarter. AlphaQuest LLC now owns 10,566 shares of the company's stock worth $95,000 after buying an additional 2,296 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Ouster during the 1st quarter worth approximately $97,000. Finally, CWM LLC raised its holdings 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 during the period. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on OUST shares. Westpark Capital upgraded shares of Ouster from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $19.00 price objective on shares of Ouster in a report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $15.95.

Ouster Trading Up 0.9%

Shares of NYSE OUST traded up $0.27 during midday trading on Tuesday, reaching $28.57. The company's stock had a trading volume of 1,134,594 shares, compared to its average volume of 2,172,958. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -11.11 and a beta of 2.75. Ouster, Inc. has a fifty-two week low of $5.91 and a fifty-two week high of $36.25. The stock has a 50 day simple moving average of $27.04 and a 200-day simple moving average of $16.67.

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.