SBI Securities Co. Ltd. Has $198,000 Position in Ouster, Inc. $OUST

SBI Securities Co. Ltd. decreased its holdings in shares of Ouster, Inc. (NYSE:OUST) by 83.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,150 shares of the company’s stock after selling 39,675 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Ouster were worth $198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OUST. Bank of New York Mellon Corp raised its stake in shares of Ouster by 4.9% in the 1st quarter. Bank of New York Mellon Corp now owns 107,005 shares of the company’s stock valued at $961,000 after acquiring an additional 5,046 shares in the last quarter. CWM LLC boosted its position in Ouster by 1,094.9% during the first quarter. CWM LLC now owns 11,591 shares of the company’s stock worth $104,000 after purchasing an additional 10,621 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in Ouster during the first quarter valued at approximately $566,000. Vanguard Group Inc. raised its position in shares of Ouster by 5.3% in the first quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company’s stock valued at $34,354,000 after purchasing an additional 190,885 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Ouster by 9.5% in the first quarter. Deutsche Bank AG now owns 34,088 shares of the company’s stock valued at $306,000 after purchasing an additional 2,951 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

Analyst Ratings Changes

OUST has been the subject of a number of research analyst reports. Zacks Research lowered shares of Ouster from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Westpark Capital reiterated a “buy” rating and issued a $50.00 price objective on shares of Ouster in a research note on Wednesday, November 5th. Cantor Fitzgerald set a $33.00 price objective on Ouster in a research report on Thursday, November 6th. Oppenheimer restated an “outperform” rating and set a $39.00 target price on shares of Ouster in a research note on Wednesday, November 5th. Finally, Northland Securities set a $38.00 price target on Ouster in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ouster presently has a consensus rating of “Buy” and a consensus target price of $32.17.

Ouster Trading Down 2.0%

OUST stock opened at $22.05 on Friday. Ouster, Inc. has a 1-year low of $6.34 and a 1-year high of $41.65. The business’s 50 day moving average is $30.06 and its 200-day moving average is $24.22. The firm has a market cap of $1.32 billion, a P/E ratio of -8.58 and a beta of 2.74.

Insider Activity

In other Ouster news, Director Ted L. Tewksbury III sold 1,695 shares of Ouster stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $25.38, for a total transaction of $43,019.10. Following the completion of the transaction, the director directly owned 125,359 shares of the company’s stock, valued at approximately $3,181,611.42. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mark Frichtl sold 25,329 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $28.46, for a total transaction of $720,863.34. Following the completion of the sale, the chief technology officer directly owned 665,403 shares in the company, valued at approximately $18,937,369.38. The trade was a 3.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 106,310 shares of company stock valued at $3,035,305. 6.63% of the stock is owned by company insiders.

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.