Raymond James Financial Inc. Makes New $1.12 Million Investment in Ouster, Inc. (NYSE:OUST)

Raymond James Financial Inc. purchased a new stake in Ouster, Inc. (NYSE:OUST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 91,509 shares of the company's stock, valued at approximately $1,118,000. Raymond James Financial Inc. owned 0.18% of Ouster at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. increased its position in shares of Ouster by 7.3% in the fourth quarter. Invesco Ltd. now owns 20,575 shares of the company's stock worth $251,000 after purchasing an additional 1,391 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Ouster by 67.3% in the 4th quarter. Russell Investments Group Ltd. now owns 88,318 shares of the company's stock worth $1,079,000 after buying an additional 35,521 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Ouster by 20.8% during the 4th quarter. Wells Fargo & Company MN now owns 28,315 shares of the company's stock valued at $346,000 after buying an additional 4,876 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Ouster during the 4th quarter valued at $154,000. Finally, Trexquant Investment LP lifted its holdings in shares of Ouster by 113.9% during the 4th quarter. Trexquant Investment LP now owns 602,448 shares of the company's stock worth $7,362,000 after acquiring an additional 320,742 shares during the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OUST has been the subject of a number of research reports. UBS Group set a $16.00 price objective on Ouster in a report on Thursday, March 27th. Cantor Fitzgerald upped their price objective 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. Oppenheimer initiated coverage on shares of Ouster in a research report on Thursday, March 27th. They issued an "outperform" rating and a $16.00 target price on the stock. Westpark Capital began coverage on shares of Ouster in a research report on Monday, March 17th. They set a "hold" rating for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 price objective on shares of Ouster in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $14.57.

Ouster Price Performance

Ouster stock traded up $0.42 during trading hours on Thursday, reaching $8.68. The stock had a trading volume of 1,624,249 shares, compared to its average volume of 1,279,862. The stock has a market cap of $466.80 million, a PE ratio of -3.38 and a beta of 2.25. The company has a fifty day simple moving average of $8.03 and a 200-day simple moving average of $9.27. Ouster, Inc. has a 52 week low of $5.84 and a 52 week high of $16.88.

Insider Buying and Selling

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

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.