Bastion Asset Management Inc. Makes New $1.39 Million Investment in Ouster, Inc. $OUST

Bastion Asset Management Inc. purchased a new stake in shares of Ouster, Inc. (NYSE:OUST) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,647 shares of the company’s stock, valued at approximately $1,388,000. Bastion Asset Management Inc. owned 0.09% of Ouster as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OUST. Geode Capital Management LLC grew its position in Ouster by 8.7% during the second 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 boosted its stake in shares of 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 during the last quarter. Invesco Ltd. grew 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 period. AQR Capital Management LLC grew its position in shares of Ouster by 610.1% during the 1st 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 shares of Ouster in the 2nd quarter worth $5,683,000. Institutional investors own 31.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ouster Stock Performance

Shares of NYSE:OUST opened at $18.77 on Monday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -7.30 and a beta of 2.91. The firm has a fifty day moving average price of $23.28 and a 200 day moving average price of $26.52. Ouster, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $41.65.

Insider Transactions at Ouster

In related news, 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 directly owned 123,664 shares in the company, valued at approximately $2,655,066.08. The trade was a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Megan Chung sold 5,837 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $27.24, for a total value of $158,999.88. Following the transaction, the general counsel directly owned 183,141 shares of the company’s stock, valued at approximately $4,988,760.84. The trade was a 3.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 6.63% 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.