JPMorgan Chase & Co. lifted its holdings in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 548.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,934 shares of the company's stock after acquiring an additional 103,135 shares during the period. JPMorgan Chase & Co. owned 0.24% of Ouster worth $1,490,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Ouster by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company's stock valued at $44,416,000 after purchasing an additional 155,736 shares during the period. New York State Common Retirement Fund raised its position in Ouster by 25.8% in the 4th quarter. New York State Common Retirement Fund now owns 759,491 shares of the company's stock valued at $9,281,000 after purchasing an additional 155,640 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in Ouster by 66.7% during the 4th quarter. Essex Investment Management Co. LLC now owns 275,433 shares of the company's stock worth $3,366,000 after purchasing an additional 110,181 shares during the period. Raymond James Financial Inc. purchased a new position in Ouster during the 4th quarter worth $1,118,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Ouster by 24.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,687 shares of the company's stock valued at $4,310,000 after buying an additional 68,261 shares during the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Ouster
In other Ouster news, General Counsel Megan Chung sold 5,800 shares of Ouster stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the transaction, the general counsel now owns 220,762 shares in the company, valued at $2,481,364.88. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 9,099 shares of company stock worth $90,460 over the last ninety days. 7.81% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on OUST. Westpark Capital began coverage on Ouster in a report on Monday, March 17th. They set a "hold" rating on the stock. UBS Group set a $16.00 target price on Ouster in a report on Thursday, March 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 price target on shares of Ouster in a report on Friday, March 21st. Oppenheimer assumed coverage on shares of Ouster in a research note on Thursday, March 27th. They issued an "outperform" rating and a $16.00 price objective on the stock. Finally, Cantor Fitzgerald raised their target price on shares of Ouster from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $14.57.
Read Our Latest Analysis on OUST
Ouster Trading Up 3.6 %
Shares of OUST stock traded up $0.27 during trading hours on Thursday, hitting $7.70. The company's stock had a trading volume of 203,108 shares, compared to its average volume of 1,267,952. Ouster, Inc. has a twelve month low of $5.84 and a twelve month high of $16.88. The stock has a market cap of $383.29 million, a price-to-earnings ratio of -2.99 and a beta of 2.23. The business has a fifty day moving average of $8.04 and a 200-day moving average of $9.25.
About Ouster
(
Free Report)
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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