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.
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.
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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