Pure Financial Advisors LLC Invests $357,000 in Ouster, Inc. $OUST

Key Points

• Pure Financial Advisors LLC has invested $357,000 in Ouster, Inc. by buying 14,731 shares, marking a significant addition to their portfolio.
• Ouster's stock has experienced a notable increase, trading up 5.1%, with its price range fluctuating between a twelve-month low of $6.16 and a high of $36.25.
• Recent analyst ratings for Ouster are predominantly positive, with one Strong Buy, four Buy, and one Hold rating, and a consensus price target set at $15.95.

Pure Financial Advisors LLC purchased a new position in shares of Ouster, Inc. (NYSE:OUST - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,731 shares of the company's stock, valued at approximately $357,000.

A number of other hedge funds have also recently added to or reduced their stakes in OUST. AQR Capital Management LLC grew its stake in Ouster by 610.1% during the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company's stock worth $2,661,000 after buying an additional 254,580 shares during the last quarter. Herald Investment Management Ltd purchased a new position in Ouster during the 1st quarter worth approximately $1,794,000. Vanguard Group Inc. grew its stake in Ouster by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company's stock worth $34,354,000 after buying an additional 190,885 shares during the last quarter. Nuveen LLC purchased a new position in Ouster during the 1st quarter worth approximately $1,105,000. Finally, Hussman Strategic Advisors Inc. purchased a new position in Ouster during the 1st quarter worth approximately $566,000. Hedge funds and other institutional investors own 31.45% of the company's stock.

Ouster Trading Up 5.1%

Shares of OUST stock opened at $29.86 on Friday. The business's 50 day moving average is $28.72 and its two-hundred day moving average is $19.43. Ouster, Inc. has a twelve month low of $6.16 and a twelve month high of $36.25. The company has a market capitalization of $1.73 billion, a P/E ratio of -11.62 and a beta of 2.75.

Analyst Ratings Changes

A number of research analysts recently issued reports on OUST shares. Cantor Fitzgerald restated a "neutral" rating and set a $19.00 price target on shares of Ouster in a research note on Thursday, June 12th. Westpark Capital upgraded Ouster from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ouster currently has a consensus rating of "Buy" and a consensus price target of $15.95.

Insiders Place Their Bets

In other news, CTO Mark Frichtl sold 25,329 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.46, for a total value of $720,863.34. Following the completion of the sale, the chief technology officer directly owned 665,403 shares of the company's stock, valued at $18,937,369.38. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Angus Pacala sold 37,992 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.46, for a total value of $1,081,252.32. Following the completion of the sale, the chief executive officer directly owned 1,009,927 shares of the company's stock, valued at $28,742,522.42. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,778 shares of company stock valued at $2,811,222 over the last 90 days. 6.63% of the stock is owned by corporate insiders.

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.

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