Vanguard Group Inc. Acquires 190,885 Shares of Ouster, Inc. $OUST

Key Points

• Vanguard Group Inc. increased its stake in Ouster, Inc. by 5.3%, acquiring an additional 190,885 shares to own approximately 7.12% of the company, valued at $34.35 million.
• Several other institutional investors also enhanced their holdings in Ouster during the fourth quarter, with a total of 31.45% of the stock currently held by institutional investors.
• Analysts have generally issued favorable ratings on Ouster, with the stock holding an average rating of "Buy" and a target price of $15.95, following upgrades from firms like Westpark Capital.

Vanguard Group Inc. boosted its position in Ouster, Inc. (NYSE:OUST - Free Report) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,825,565 shares of the company's stock after buying an additional 190,885 shares during the quarter. Vanguard Group Inc. owned approximately 7.12% of Ouster worth $34,354,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Ouster by 22.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 471,020 shares of the company's stock valued at $5,757,000 after buying an additional 85,355 shares during the last quarter. Northern Trust Corp increased its position in shares of Ouster by 7.9% during the 4th quarter. Northern Trust Corp now owns 380,849 shares of the company's stock worth $4,654,000 after purchasing an additional 27,966 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Ouster by 10.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 269,493 shares of the company's stock worth $3,293,000 after acquiring an additional 24,798 shares during the period. Manatuck Hill Partners LLC bought a new position in shares of Ouster during the 4th quarter worth approximately $2,566,000. Finally, Squarepoint Ops LLC boosted its stake in shares of Ouster by 146.2% during the 4th quarter. Squarepoint Ops LLC now owns 127,082 shares of the company's stock worth $1,553,000 after acquiring an additional 75,470 shares during the period. Institutional investors and hedge funds own 31.45% of the company's stock.

Ouster Price Performance

Shares of OUST stock traded down $2.33 on Friday, hitting $28.53. 2,960,714 shares of the company's stock were exchanged, compared to its average volume of 2,191,205. Ouster, Inc. has a 12 month low of $5.84 and a 12 month high of $36.25. The stock has a market cap of $1.65 billion, a P/E ratio of -11.10 and a beta of 2.74. The company has a 50 day moving average of $26.59 and a 200 day moving average of $15.86.

Analyst Upgrades and Downgrades

OUST has been the subject of several research analyst reports. Westpark Capital upgraded Ouster from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $19.00 price objective on shares of Ouster in a report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $15.95.

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.