XTX Topco Ltd Sells 76,310 Shares of Ouster, Inc. (NYSE:OUST)

Key Points

• XTX Topco Ltd has significantly reduced its stake in Ouster, Inc., selling 76,310 shares to hold only 13,280 shares, marking an 85.2% decrease in its position.
• Other institutional investors have increased their holdings in Ouster, with Invesco Ltd raising its stake by 7.3%, now holding 20,575 shares valued at $251,000.
• Analysts have a consensus rating of "Buy" for Ouster with an average target price of $15.95, following recent upgrades and ratings from various firms.

XTX Topco Ltd cut its position in Ouster, Inc. (NYSE:OUST - Free Report) by 85.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,280 shares of the company's stock after selling 76,310 shares during the quarter. XTX Topco Ltd's holdings in Ouster were worth $119,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. raised its stake in shares of Ouster by 7.3% during the 4th quarter. Invesco Ltd. now owns 20,575 shares of the company's stock valued at $251,000 after purchasing an additional 1,391 shares during the period. Rhumbline Advisers raised its stake in shares of Ouster by 2.9% during the 1st quarter. Rhumbline Advisers now owns 81,475 shares of the company's stock valued at $732,000 after purchasing an additional 2,284 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ouster by 10.7% during the 4th 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 during the period. MetLife Investment Management LLC raised its stake in shares of Ouster by 9.9% during the 4th quarter. MetLife Investment Management LLC now owns 28,256 shares of the company's stock valued at $345,000 after purchasing an additional 2,551 shares during the period. Finally, Byrne Asset Management LLC bought a new stake in shares of Ouster during the 1st quarter valued at $39,000. 31.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Westpark Capital upgraded Ouster from a "hold" rating to a "buy" rating in a research note on Wednesday. Cantor Fitzgerald reiterated a "neutral" rating and set a $19.00 price objective on shares of Ouster in a research note on Thursday, June 12th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Ouster currently has a consensus rating of "Buy" and an average target price of $15.95.

Ouster Trading Up 5.9%

OUST opened at $35.05 on Friday. The stock has a 50-day moving average price of $23.95 and a 200-day moving average price of $14.26. Ouster, Inc. has a 12-month low of $5.84 and a 12-month high of $35.63. The stock has a market capitalization of $1.88 billion, a P/E ratio of -13.64 and a beta of 2.74.

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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