Ouster, Inc. (NYSE:OUST) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its holdings in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 53.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,006 shares of the company's stock after selling 31,712 shares during the period. Stifel Financial Corp owned 0.06% of Ouster worth $342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OUST. Daiwa Securities Group Inc. lifted its position in Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock valued at $85,000 after acquiring an additional 1,063 shares during the last quarter. AlphaQuest LLC lifted its position in Ouster by 916.0% in the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock valued at $101,000 after acquiring an additional 7,456 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in Ouster in the fourth quarter valued at $154,000. SVB Wealth LLC purchased a new stake in Ouster in the fourth quarter valued at $163,000. Finally, SG Americas Securities LLC lifted its position in Ouster by 19.9% in the fourth quarter. SG Americas Securities LLC now owns 19,652 shares of the company's stock valued at $240,000 after acquiring an additional 3,261 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.

Insider Activity

In other news, General Counsel Megan Chung sold 5,800 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following the transaction, the general counsel now directly owns 220,762 shares in the company, valued at $2,481,364.88. The trade was 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. Over the last three months, insiders sold 9,099 shares of company stock valued at $90,460. Insiders own 7.81% of the company's stock.

Ouster Price Performance

Shares of NYSE:OUST traded down $0.14 on Monday, reaching $10.94. The company's stock had a trading volume of 2,259,089 shares, compared to its average volume of 1,282,635. The stock's 50-day moving average is $8.51 and its two-hundred day moving average is $9.48. Ouster, Inc. has a 52-week low of $5.84 and a 52-week high of $16.88. The stock has a market capitalization of $588.20 million, a P/E ratio of -4.26 and a beta of 2.25.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group set a $16.00 price target on shares of Ouster in a research report on Thursday, March 27th. 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 for the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $17.00 target price on shares of Ouster in a report on Friday, March 21st. Cantor Fitzgerald upped their target price on shares of Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Finally, Westpark Capital raised shares of Ouster from a "hold" rating to a "buy" rating and set a $13.68 target price for the company in a report on Friday, May 9th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $14.10.

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.