Ouster, Inc. $OUST Stock Holdings Raised by California State Teachers Retirement System

Key Points

• Institutional ownership increased: California State Teachers Retirement System raised its Ouster stake by 50.3% to 79,401 shares, while overall institutional ownership reached 31.45%.
• Insiders have been selling: Ouster executives and directors sold 554,004 shares worth approximately $22.6 million during the last quarter, with insiders retaining a 5.72% ownership stake.
• Mixed financial and analyst signals: Ouster exceeded revenue expectations with $54.63 million but missed quarterly EPS estimates, while analysts maintain a “Moderate Buy” consensus and an average price target of $54.67 versus the $45.13 opening price.

California State Teachers Retirement System increased its position in Ouster, Inc. (NASDAQ:OUST - Free Report) by 50.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,401 shares of the company's stock after purchasing an additional 26,574 shares during the period. California State Teachers Retirement System owned 0.13% of Ouster worth $1,459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OUST. Renaissance Technologies LLC acquired a new stake in shares of Ouster during the 1st quarter worth approximately $2,436,000. Bastion Asset Management Inc. bought a new stake in shares of Ouster in the 1st quarter worth approximately $5,271,000. Dimensional Fund Advisors LP grew its stake in Ouster by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 483,871 shares of the company's stock worth $8,889,000 after buying an additional 32,440 shares during the last quarter. Sei Investments Co. grew its stake in Ouster by 87.8% during the 1st quarter. Sei Investments Co. now owns 193,818 shares of the company's stock worth $3,560,000 after buying an additional 90,597 shares during the last quarter. Finally, UBS Group AG increased its position in Ouster by 67.7% in the fourth quarter. UBS Group AG now owns 301,469 shares of the company's stock worth $6,524,000 after buying an additional 121,708 shares during the period. 31.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ouster news, CEO Charles Angus Pacala sold 29,797 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $38.82, for a total value of $1,156,719.54. Following the completion of the sale, the chief executive officer directly owned 1,072,201 shares of the company's stock, valued at $41,622,842.82. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ted L. Tewksbury III sold 1,695 shares of the company's stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $47.00, for a total transaction of $79,665.00. Following the completion of the sale, the director owned 124,999 shares of the company's stock, valued at $5,874,953. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 554,004 shares of company stock worth $22,582,192 in the last quarter. Corporate insiders own 5.72% of the company's stock.

Ouster Stock Down 2.1%

Shares of NASDAQ OUST opened at $45.13 on Friday. Ouster, Inc. has a 12 month low of $16.40 and a 12 month high of $63.79. The company has a market cap of $2.83 billion, a price-to-earnings ratio of -52.48 and a beta of 3.24. The business has a fifty day simple moving average of $42.73 and a 200-day simple moving average of $31.22.

Ouster (NASDAQ:OUST - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.14). The firm had revenue of $54.63 million during the quarter, compared to analysts' expectations of $51.47 million. Ouster had a negative net margin of 26.02% and a negative return on equity of 17.49%. As a group, sell-side analysts expect that Ouster, Inc. will post -1.08 EPS for the current fiscal year.

Analyst Ratings Changes

OUST has been the topic of a number of analyst reports. Cantor Fitzgerald cut shares of Ouster from an "overweight" rating to a "neutral" rating in a report on Thursday, May 7th. Weiss Ratings began coverage on shares of Ouster in a research note on Friday, May 15th. They set a "sell (d-)" rating for the company. Rosenblatt Securities restated a "buy" rating and issued a $53.00 target price on shares of Ouster in a research report on Friday, August 7th. Roth Capital initiated coverage on shares of Ouster in a research note on Friday, May 29th. They issued a "buy" rating and a $75.00 price target on the stock. Finally, Citigroup reaffirmed an "outperform" rating on shares of Ouster in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ouster presently has a consensus rating of "Moderate Buy" and an average price target of $54.67.

About Ouster

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.

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