WINTON GROUP Ltd Buys Shares of 46,200 Ouster, Inc. $OUST

WINTON GROUP Ltd bought a new stake in shares of Ouster, Inc. (NASDAQ:OUST) in the 4th quarter, Holdings Channel reports. The institutional investor bought 46,200 shares of the company’s stock, valued at approximately $1,000,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OUST. Invesco Ltd. raised its position in shares of Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after acquiring an additional 536,413 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Ouster by 11.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after acquiring an additional 478,372 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Ouster by 130.7% during the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock valued at $15,479,000 after acquiring an additional 405,441 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Ouster during the 3rd quarter valued at $9,193,000. Finally, Algert Global LLC raised its position in shares of Ouster by 192.6% during the 3rd quarter. Algert Global LLC now owns 500,902 shares of the company’s stock valued at $13,549,000 after acquiring an additional 329,735 shares during the last quarter. Institutional investors own 31.45% of the company’s stock.

Analysts Set New Price Targets

OUST has been the subject of a number of recent analyst reports. Roth Mkm initiated coverage on shares of Ouster in a research report on Friday, May 29th. They issued a “buy” rating and a $75.00 price objective for the company. Cantor Fitzgerald cut shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Rosenblatt Securities upped their price objective on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Oppenheimer restated an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Finally, Weiss Ratings initiated coverage on shares of Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Four 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.17.

Ouster Stock Down 5.8%

OUST opened at $38.52 on Wednesday. Ouster, Inc. has a 12 month low of $15.00 and a 12 month high of $49.39. The company has a fifty day simple moving average of $29.91 and a 200 day simple moving average of $24.92. The stock has a market cap of $2.42 billion, a P/E ratio of -39.71 and a beta of 3.24.

Insider Activity

In related news, Director Susan Heystee sold 9,316 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $34.80, for a total value of $324,196.80. Following the completion of the transaction, the director directly owned 35,094 shares of the company’s stock, valued at approximately $1,221,271.20. This represents a 20.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mark Frichtl sold 308,742 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $41.53, for a total transaction of $12,822,055.26. Following the completion of the transaction, the chief technology officer directly owned 294,924 shares of the company’s stock, valued at approximately $12,248,193.72. The trade was a 51.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 927,334 shares of company stock worth $31,530,882 in the last 90 days. Corporate insiders own 5.72% of the company’s stock.

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.