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

Manatuck Hill Partners LLC purchased a new position in Ouster, Inc. (NYSE:OUST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 210,000 shares of the company's stock, valued at approximately $2,566,000. Ouster makes up about 1.1% of Manatuck Hill Partners LLC's holdings, making the stock its 28th largest position. Manatuck Hill Partners LLC owned 0.42% of Ouster at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its holdings in shares of Ouster by 18.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock valued at $85,000 after buying an additional 1,063 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Ouster by 916.0% in the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock worth $101,000 after purchasing an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Ouster in the 4th quarter worth about $154,000. SVB Wealth LLC purchased a new position in Ouster in the 4th quarter worth about $163,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Ouster by 35.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,645 shares of the company's stock worth $228,000 after acquiring an additional 4,839 shares during the period. Hedge funds and other institutional investors own 31.45% of the company's stock.

Insider Activity

In other news, General Counsel Megan Chung sold 5,800 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total transaction of $65,192.00. Following the transaction, the general counsel now owns 220,762 shares of the company's stock, valued at approximately $2,481,364.88. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 9,099 shares of company stock valued at $90,460 in the last ninety days. Insiders own 7.81% of the company's stock.

Ouster Price Performance

Shares of NYSE OUST traded up $0.29 during midday trading on Wednesday, reaching $8.30. 396,021 shares of the stock traded hands, compared to its average volume of 1,273,018. Ouster, Inc. has a one year low of $5.84 and a one year high of $16.88. The company's 50 day moving average is $8.03 and its 200 day moving average is $9.27. The stock has a market capitalization of $446.10 million, a PE ratio of -3.22 and a beta of 2.25.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OUST. Oppenheimer started coverage on shares of Ouster in a research report on Thursday, March 27th. They issued an "outperform" rating and a $16.00 price target on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st. UBS Group set a $16.00 target price on shares of Ouster in a report on Thursday, March 27th. Westpark Capital initiated coverage on shares of Ouster in a research note on Monday, March 17th. They issued a "hold" rating for the company. Finally, Cantor Fitzgerald lifted their target price on shares of Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. One investment 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. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $14.57.

Ouster Company 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.