CenterBook Partners LP Makes New Investment in Ouster, Inc. $OUST

CenterBook Partners LP bought a new position in shares of Ouster, Inc. (NASDAQ:OUST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 75,112 shares of the company’s stock, valued at approximately $1,625,000. CenterBook Partners LP owned 0.13% of Ouster at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after acquiring an additional 525 shares during the period. Main Management ETF Advisors LLC raised its stake in Ouster by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company’s stock worth $1,186,000 after acquiring an additional 560 shares during the period. Corient Private Wealth LLC raised its stake in Ouster by 5.5% during the 2nd quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock worth $280,000 after acquiring an additional 599 shares during the period. Prosperity Wealth Management Inc. raised its stake in Ouster by 5.5% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock worth $352,000 after acquiring an additional 675 shares during the period. Finally, Creative Planning raised its stake in Ouster by 1.6% during the 3rd quarter. Creative Planning now owns 43,681 shares of the company’s stock worth $1,182,000 after acquiring an additional 677 shares during the period. Institutional investors own 31.45% of the company’s stock.

Ouster Stock Performance

OUST stock opened at $38.52 on Wednesday. The firm has a fifty day moving average price of $29.91 and a 200 day moving average price of $24.92. Ouster, Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $49.39. The firm has a market cap of $2.42 billion, a PE ratio of -39.71 and a beta of 3.24.

Wall Street Analyst Weigh In

A number of research firms have commented on OUST. Rosenblatt Securities raised their target price on shares of Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings started coverage on shares of Ouster in a research note on Friday, May 15th. They set a “sell (d-)” rating on the stock. Roth Mkm began coverage on Ouster in a research note on Friday, May 29th. They issued a “buy” rating and a $75.00 price target 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. Finally, Oppenheimer reiterated an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.17.

Insider Activity at Ouster

In related news, CTO Mark Frichtl sold 308,742 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $41.53, for a total value 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. This trade represents a 51.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Angus Pacala sold 24,657 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $23.43, for a total transaction of $577,713.51. Following the completion of the transaction, the chief executive officer directly owned 960,660 shares of the company’s stock, valued at approximately $22,508,263.80. This trade represents a 2.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 927,334 shares of company stock valued at $31,530,882. 5.72% of the stock is owned by corporate insiders.

Ouster Company 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.