Balyasny Asset Management L.P. Purchases 24,798 Shares of Ouster, Inc. (NYSE:OUST)

Balyasny Asset Management L.P. increased its position in shares of Ouster, Inc. (NYSE:OUST) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,493 shares of the company’s stock after buying an additional 24,798 shares during the period. Balyasny Asset Management L.P. owned 0.54% of Ouster worth $3,293,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. boosted its holdings in Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after purchasing an additional 1,063 shares during the period. AlphaQuest LLC boosted its holdings in Ouster by 916.0% in 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. ExodusPoint Capital Management LP bought a new stake in Ouster in the 4th quarter valued at $154,000. SVB Wealth LLC acquired a new position in shares of Ouster in the 4th quarter valued at $163,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Ouster by 35.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,645 shares of the company’s stock valued at $228,000 after buying an additional 4,839 shares in the last quarter. 31.45% of the stock is owned by institutional investors.

Ouster Trading Up 22.8%

OUST opened at $10.62 on Monday. The stock has a market capitalization of $570.99 million, a PE ratio of -4.13 and a beta of 2.25. Ouster, Inc. has a 1-year low of $5.84 and a 1-year high of $16.88. The firm has a 50-day moving average price of $8.10 and a two-hundred day moving average price of $9.31.

Insider Activity

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of Ouster stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the transaction, the general counsel now owns 220,762 shares of the company’s stock, valued at approximately $2,481,364.88. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 9,099 shares of company stock valued at $90,460. 7.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OUST shares. Oppenheimer started coverage on shares of Ouster in a research report on Thursday, March 27th. They set an “outperform” rating and a $16.00 target price for the company. Cantor Fitzgerald increased their target price on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. UBS Group set a $16.00 target price on shares of Ouster in a research report on Thursday, March 27th. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Friday, March 21st. Finally, Westpark Capital upgraded shares of Ouster from a “hold” rating to a “buy” rating and set a $13.68 price objective for the company in a research report on Friday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $14.10.

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.