MYDA Advisors LLC Takes Position in Ouster, Inc. (NYSE:OUST)

MYDA Advisors LLC purchased a new position in Ouster, Inc. (NYSE:OUST) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 500,000 shares of the company’s stock, valued at approximately $4,250,000. Ouster makes up about 1.2% of MYDA Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. MYDA Advisors LLC owned 2.00% of Ouster as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Larson Financial Group LLC acquired a new position in Ouster in the 1st quarter valued at approximately $25,000. Howard Financial Services LTD. purchased a new position in shares of Ouster during the 1st quarter valued at $85,000. Stratos Wealth Partners LTD. acquired a new position in shares of Ouster in the first quarter worth $94,000. International Assets Investment Management LLC purchased a new stake in shares of Ouster during the first quarter worth $102,000. Finally, Scotia Capital Inc. acquired a new stake in Ouster during the first quarter valued at $106,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Shares of OUST stock traded down $0.53 during trading on Friday, reaching $12.48. The company had a trading volume of 6,142 shares, compared to its average volume of 1,599,925. The stock has a 50 day moving average price of $10.20. Ouster, Inc. has a one year low of $7.55 and a one year high of $17.73.

Ouster (NYSE:OUST) last announced its quarterly earnings results on Thursday, May 6th. The company reported ($0.38) EPS for the quarter. The business had revenue of $6.61 million during the quarter.

A number of research firms have recently weighed in on OUST. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on Ouster in a report on Wednesday, April 7th. They set a “buy” rating and a $17.00 price target for the company. Citigroup initiated coverage on shares of Ouster in a research note on Wednesday, April 7th. They issued a “buy” rating and a $17.00 target price for the company. Robert W. Baird started coverage on shares of Ouster in a research report on Monday, May 10th. They issued an “outperform” rating and a $16.00 target price for the company. Finally, Barclays started coverage on shares of Ouster in a report on Wednesday, May 5th. They set an “overweight” rating and a $14.00 price target on the stock.

About Ouster

Ouster, Inc designs and manufactures digital lidar sensors for industrial automation, smart infrastructure, robotics, and automotive markets. Its product portfolio includes OS0, and ultra-wide view digital lidar; OS1, a mid-range digital lidar; OS2, a long-range digital lidar; and ES2 digital lidar. The company is based in San Francisco, California.

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Institutional Ownership by Quarter for Ouster (NYSE:OUST)

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