Handelsbanken Fonder AB Has $15.48 Million Holdings in Ouster, Inc. $OUST

Handelsbanken Fonder AB lifted its holdings in Ouster, Inc. (NASDAQ:OUST) by 130.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 715,646 shares of the company’s stock after purchasing an additional 405,441 shares during the period. Handelsbanken Fonder AB’s holdings in Ouster were worth $15,479,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Advisors LLC lifted its stake in shares of Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in Ouster by 38.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after acquiring an additional 800 shares during the last quarter. Van ECK Associates Corp lifted its position in Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after acquiring an additional 525 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Ouster during the 3rd quarter worth $120,000. Finally, MAI Capital Management acquired a new position in Ouster during the 3rd quarter worth $122,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Insider Activity

In other news, CEO Charles Angus Pacala sold 24,657 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $23.43, for a total transaction of $577,713.51. Following the transaction, the chief executive officer owned 960,660 shares in the company, valued at approximately $22,508,263.80. The trade was a 2.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Mark Frichtl sold 136,434 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $32.56, for a total transaction of $4,442,291.04. Following the transaction, the chief technology officer owned 628,638 shares in the company, valued at approximately $20,468,453.28. The trade was a 17.83% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 484,159 shares of company stock worth $13,522,138. Insiders own 5.72% of the company’s stock.

Ouster Price Performance

Ouster stock opened at $30.87 on Thursday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -31.82 and a beta of 3.06. Ouster, Inc. has a fifty-two week low of $9.77 and a fifty-two week high of $41.65. The firm has a fifty day moving average price of $24.09 and a two-hundred day moving average price of $23.26.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OUST. Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Weiss Ratings began coverage on shares of Ouster in a research report on Friday, May 15th. They set a “sell (d-)” rating for the company. Finally, Oppenheimer reissued an “outperform” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.20.

Ouster Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.