Susquehanna Fundamental Investments LLC Makes New $874,000 Investment in Ouster, Inc. (NYSE:OUST)

Susquehanna Fundamental Investments LLC acquired a new position in Ouster, Inc. (NYSE:OUST - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 71,520 shares of the company's stock, valued at approximately $874,000. Susquehanna Fundamental Investments LLC owned 0.14% of Ouster as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In related news, General Counsel Megan Chung sold 5,800 shares of the company's stock in a transaction 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 completion of the sale, the general counsel now owns 220,762 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 9,099 shares of company stock valued at $90,460 over the last three months. Insiders own 7.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Oppenheimer assumed coverage on shares of Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 price objective on the stock. UBS Group set a $16.00 price target on Ouster in a research note on Thursday, March 27th. Westpark Capital started coverage on Ouster in a research report on Monday, March 17th. They set a "hold" rating for the company. Cantor Fitzgerald boosted their target price on Ouster from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Finally, Rosenblatt Securities restated a "buy" rating and set a $17.00 price target on shares of Ouster in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $14.57.

Ouster Stock Performance

Shares of NYSE:OUST traded up $0.22 during midday trading on Wednesday, reaching $8.23. 702,187 shares of the company's stock traded hands, compared to its average volume of 1,274,333. The stock has a 50 day moving average of $8.03 and a 200 day moving average of $9.27. The company has a market cap of $442.23 million, a price-to-earnings ratio of -3.20 and a beta of 2.25. Ouster, Inc. has a one year low of $5.84 and a one year high of $16.88.

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.