Essex Investment Management Co. LLC Has $3.37 Million Position in Ouster, Inc. (NYSE:OUST)

Essex Investment Management Co. LLC increased its position in Ouster, Inc. (NYSE:OUST) by 66.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 275,433 shares of the company’s stock after buying an additional 110,181 shares during the quarter. Essex Investment Management Co. LLC owned 0.55% of Ouster worth $3,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in OUST. AlphaQuest LLC increased its position in Ouster by 916.0% during the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after purchasing an additional 7,456 shares during the period. Raymond James Financial Inc. acquired a new stake in Ouster during the 4th quarter valued at approximately $1,118,000. Charles Schwab Investment Management Inc. increased its position in Ouster by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 367,388 shares of the company’s stock valued at $4,489,000 after purchasing an additional 10,981 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Ouster during the 4th quarter valued at approximately $593,000. Finally, SVB Wealth LLC acquired a new stake in Ouster during the 4th quarter valued at approximately $163,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Stock Up 1.3 %

Shares of OUST opened at $8.08 on Friday. Ouster, Inc. has a 12-month low of $4.65 and a 12-month high of $16.88. The business’s fifty day moving average is $10.35 and its 200 day moving average is $8.88. The stock has a market cap of $402.15 million, a P/E ratio of -3.14 and a beta of 2.38.

Insider Buying and Selling

In other Ouster news, CFO Mark Weinswig sold 19,712 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total transaction of $191,009.28. Following the transaction, the chief financial officer now directly owns 173,960 shares in the company, valued at approximately $1,685,672.40. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Megan Chung sold 13,671 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.69, for a total value of $132,471.99. Following the transaction, the general counsel now owns 149,647 shares in the company, valued at approximately $1,450,079.43. This trade represents a 8.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,500 shares of company stock worth $469,814 in the last ninety days. Corporate insiders own 7.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Northland Securities assumed coverage on shares of Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price for the company. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $12.00 to $10.00 in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $13.17.

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.