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

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

A number of other large investors also recently modified their holdings of the stock. Daiwa Securities Group Inc. raised its position in Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock worth $85,000 after purchasing an additional 1,063 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Ouster by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company's stock valued at $1,246,000 after acquiring an additional 1,074 shares during the period. Invesco Ltd. boosted its holdings in Ouster by 7.3% in the fourth quarter. Invesco Ltd. now owns 20,575 shares of the company's stock valued at $251,000 after acquiring an additional 1,391 shares during the last quarter. Fox Run Management L.L.C. increased its position in Ouster by 4.9% in the fourth quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company's stock worth $385,000 after purchasing an additional 1,463 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Ouster by 19.9% during the 4th quarter. SG Americas Securities LLC now owns 19,652 shares of the company's stock worth $240,000 after purchasing an additional 3,261 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on OUST. UBS Group set a $16.00 price target on shares of Ouster in a research report on Thursday, March 27th. Cantor Fitzgerald lifted 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. Oppenheimer started coverage on Ouster in a research note on Thursday, March 27th. They issued an "outperform" rating and a $16.00 price target on the stock. Westpark Capital raised Ouster from a "hold" rating to a "buy" rating and set a $13.68 price objective for the company in a research note on Friday. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $17.00 target price on shares of Ouster in a research note on Friday, March 21st. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $14.10.

Insider Activity

In related news, General Counsel Megan Chung sold 5,800 shares of the business's 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 sale, the general counsel now directly owns 220,762 shares of the company's stock, valued at approximately $2,481,364.88. The trade was a 2.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 9,099 shares of company stock worth $90,460 in the last 90 days. Corporate insiders own 7.81% of the company's stock.

Ouster Stock Performance

OUST stock traded up $1.97 during midday trading on Friday, hitting $10.62. 4,275,758 shares of the company's stock were exchanged, compared to its average volume of 1,279,411. Ouster, Inc. has a one year low of $5.84 and a one year high of $16.88. The stock's fifty day moving average price is $8.10 and its 200-day moving average price is $9.30. The company has a market cap of $570.99 million, a PE ratio of -4.13 and a beta of 2.25.

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.