Stifel Financial Corp decreased its stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 53.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Ouster by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company's stock valued at $44,416,000 after acquiring an additional 155,736 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ouster by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,022,274 shares of the company's stock valued at $12,495,000 after acquiring an additional 46,867 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Ouster by 25.8% during the 4th quarter. New York State Common Retirement Fund now owns 759,491 shares of the company's stock valued at $9,281,000 after acquiring an additional 155,640 shares during the last quarter. Trexquant Investment LP increased 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 valued at $7,362,000 after acquiring an additional 320,742 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ouster by 22.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 471,020 shares of the company's stock valued at $5,757,000 after acquiring an additional 85,355 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.
Ouster Stock Down 0.5%
Shares of NYSE:OUST opened at $11.41 on Wednesday. The business has a 50 day moving average price of $8.23 and a 200 day moving average price of $9.35. Ouster, Inc. has a twelve month low of $5.84 and a twelve month high of $16.88. The company has a market cap of $613.47 million, a price-to-earnings ratio of -4.44 and a beta of 2.25.
Insiders Place Their Bets
In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the firm'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 value of $65,192.00. Following the completion of the sale, the general counsel now owns 220,762 shares in the company, valued at approximately $2,481,364.88. This trade represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 9,099 shares of company stock worth $90,460. 7.81% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on OUST shares. Westpark Capital raised Ouster from a "hold" rating to a "buy" rating and set a $13.68 price objective on the stock in a report on Friday, May 9th. Oppenheimer assumed coverage on Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 target price for the company. Rosenblatt Securities restated a "buy" rating and set a $17.00 target price on shares of Ouster in a research note on Friday, March 21st. UBS Group set a $16.00 target price on Ouster in a research note on Thursday, March 27th. Finally, Cantor Fitzgerald increased their target price on Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $14.10.
Read Our Latest Stock Analysis on Ouster
Ouster Company Profile
(
Free Report)
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.
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