Osaic Holdings Inc. Raises Stock Position in Ouster, Inc. $OUST

Osaic Holdings Inc. lifted its position in Ouster, Inc. (NYSE:OUST) by 3,452.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,893 shares of the company’s stock after purchasing an additional 118,462 shares during the period. Osaic Holdings Inc.’s holdings in Ouster were worth $2,956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of OUST. Invesco Ltd. lifted its holdings in shares of Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after buying an additional 536,413 shares during the period. AQR Capital Management LLC raised its holdings in shares of Ouster by 610.1% in the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after acquiring an additional 254,580 shares in the last quarter. HRT Financial LP purchased a new stake in Ouster in the second quarter worth about $5,683,000. Marshall Wace LLP grew its holdings in Ouster by 29.0% during the 2nd quarter. Marshall Wace LLP now owns 687,260 shares of the company’s stock worth $16,666,000 after acquiring an additional 154,353 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Ouster by 4,336.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 134,909 shares of the company’s stock valued at $3,272,000 after purchasing an additional 131,868 shares during the period. Institutional investors own 31.45% of the company’s stock.

Insider Transactions at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,837 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $31.02, for a total value of $181,063.74. Following the completion of the sale, the general counsel owned 197,199 shares of the company’s stock, valued at approximately $6,117,112.98. This trade represents a 2.87% 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 the SEC website. Also, Director Ted L. Tewksbury III sold 1,695 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $21.47, for a total value of $36,391.65. Following the sale, the director owned 123,664 shares in the company, valued at $2,655,066.08. The trade was a 1.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 9,227 shares of company stock valued at $260,474. 6.63% of the stock is currently owned by company insiders.

Ouster Trading Down 1.7%

Shares of OUST opened at $21.97 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of -8.55 and a beta of 2.99. Ouster, Inc. has a 12 month low of $6.34 and a 12 month high of $41.65. The stock has a fifty day moving average price of $25.31 and a 200-day moving average price of $26.58.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OUST. Zacks Research cut shares of Ouster from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Oppenheimer restated an “outperform” rating on shares of Ouster in a report on Thursday, December 4th. Westpark Capital reiterated a “buy” rating and issued a $50.00 price target on shares of Ouster in a report on Wednesday, November 5th. Cantor Fitzgerald set a $33.00 price target on Ouster in a research report on Thursday, November 6th. Finally, Northland Securities set a $38.00 price objective on Ouster in a research report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.17.

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.