SG Americas Securities LLC Buys New Stake in Ouster, Inc. $OUST

SG Americas Securities LLC purchased a new stake in Ouster, Inc. (NYSE:OUST) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 193,130 shares of the company’s stock, valued at approximately $5,224,000. SG Americas Securities LLC owned about 0.33% of Ouster as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of Ouster by 8.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company’s stock valued at $28,876,000 after buying an additional 95,510 shares during the period. Marshall Wace LLP raised its position in Ouster by 29.0% during the second quarter. Marshall Wace LLP now owns 687,260 shares of the company’s stock valued at $16,666,000 after acquiring an additional 154,353 shares in the last quarter. Invesco Ltd. lifted its holdings in Ouster by 1,521.8% in the second 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 period. AQR Capital Management LLC lifted its holdings in 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 during the period. Finally, HRT Financial LP purchased a new stake in Ouster in the 2nd quarter worth approximately $5,683,000. 31.45% of the stock is owned by institutional investors and hedge funds.

Ouster Stock Up 0.7%

OUST opened at $27.87 on Friday. The firm’s fifty day simple moving average is $23.52 and its two-hundred day simple moving average is $26.89. Ouster, Inc. has a 52-week low of $6.34 and a 52-week high of $41.65. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -10.84 and a beta of 2.93.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Ouster

In other Ouster news, Director Ted L. Tewksbury III sold 1,695 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $21.47, for a total transaction of $36,391.65. Following the completion of the transaction, the director owned 123,664 shares of the company’s stock, valued at $2,655,066.08. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Megan Chung sold 5,837 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $31.02, for a total value of $181,063.74. Following the completion of the transaction, the general counsel owned 197,199 shares in the company, valued at approximately $6,117,112.98. This trade represents a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,227 shares of company stock worth $260,474 over the last ninety days. 6.63% of the stock is currently owned by corporate insiders.

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.