Manatuck Hill Partners LLC Takes $2.57 Million Position in Ouster, Inc. (NYSE:OUST)

Manatuck Hill Partners LLC purchased a new stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 210,000 shares of the company's stock, valued at approximately $2,566,000. Ouster accounts for approximately 1.1% of Manatuck Hill Partners LLC's portfolio, making the stock its 28th largest holding. Manatuck Hill Partners LLC owned approximately 0.42% of Ouster at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp boosted 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 valued at $4,654,000 after acquiring an additional 27,966 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Ouster during the fourth quarter valued at approximately $874,000. Penn Capital Management Company LLC grew its stake in shares of Ouster by 27.4% in the 4th quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company's stock valued at $13,375,000 after purchasing an additional 235,563 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Ouster by 35.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,645 shares of the company's stock worth $228,000 after buying an additional 4,839 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position 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 worth $345,000 after buying an additional 2,551 shares during the period. Institutional investors and hedge funds own 31.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OUST shares. Westpark Capital began coverage on Ouster in a research report on Monday, March 17th. They issued a "hold" rating on the stock. Cantor Fitzgerald upped their target price on shares of Ouster from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Rosenblatt Securities reissued a "buy" rating and set a $17.00 price target on shares of Ouster in a report on Friday, March 21st. UBS Group set a $16.00 price objective on shares of Ouster in a research note on Thursday, March 27th. Finally, Oppenheimer started coverage on shares of Ouster in a research note on Thursday, March 27th. They issued an "outperform" rating and a $16.00 target price for the company. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $14.57.

Insider Buying and Selling at Ouster

In related news, General Counsel Megan Chung sold 5,800 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following the completion of the sale, the general counsel now directly owns 220,762 shares of the company's stock, valued at $2,481,364.88. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 9,099 shares of company stock worth $90,460. Insiders own 7.81% of the company's stock.

Ouster Trading Up 9.9 %

Shares of OUST traded up $0.75 during mid-day trading on Friday, hitting $8.33. 1,546,303 shares of the company traded hands, compared to its average volume of 1,277,081. The stock has a market capitalization of $447.87 million, a price-to-earnings ratio of -3.24 and a beta of 2.25. The business has a 50-day moving average of $8.04 and a 200 day moving average of $9.28. Ouster, Inc. has a one year low of $5.84 and a one year high of $16.88.

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.