180 Wealth Advisors LLC Grows Holdings in Ouster, Inc. (NYSE:OUST)

180 Wealth Advisors LLC increased its stake in Ouster, Inc. (NYSE:OUST) by 26.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,345 shares of the company’s stock after buying an additional 4,446 shares during the period. 180 Wealth Advisors LLC owned about 0.05% of Ouster worth $169,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in OUST. Jump Financial LLC grew its position in shares of Ouster by 25.2% in the 4th quarter. Jump Financial LLC now owns 26,217 shares of the company’s stock worth $201,000 after acquiring an additional 5,276 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Ouster by 667.0% in the fourth quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock worth $76,000 after purchasing an additional 8,604 shares during the period. Russell Investments Group Ltd. increased its stake in Ouster by 27.3% during the fourth quarter. Russell Investments Group Ltd. now owns 42,342 shares of the company’s stock valued at $325,000 after purchasing an additional 9,078 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Ouster during the fourth quarter worth $70,000. Finally, Psagot Value Holdings Ltd. Israel bought a new position in shares of Ouster in the 4th quarter worth about $76,000. 31.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OUST. Craig Hallum increased their price objective on shares of Ouster from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Chardan Capital reissued a “neutral” rating and issued a $10.00 price target on shares of Ouster in a report on Wednesday, April 3rd. Cantor Fitzgerald restated a “neutral” rating and set a $13.00 price objective on shares of Ouster in a research report on Monday, June 17th. Finally, Rosenblatt Securities increased their target price on Ouster from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.10.

Ouster Stock Performance

OUST opened at $9.83 on Friday. Ouster, Inc. has a twelve month low of $3.67 and a twelve month high of $14.17. The stock has a market cap of $444.51 million, a PE ratio of -1.76 and a beta of 2.47. The business’s 50 day moving average is $10.62 and its 200-day moving average is $7.88. The company has a current ratio of 3.09, a quick ratio of 2.83 and a debt-to-equity ratio of 0.26.

Ouster (NYSE:OUST) last released its quarterly earnings results on Tuesday, March 26th. The company reported ($0.95) earnings per share (EPS) for the quarter. The business had revenue of $24.44 million during the quarter. Ouster had a negative return on equity of 88.42% and a negative net margin of 239.89%. On average, analysts predict that Ouster, Inc. will post -2.34 earnings per share for the current year.

Insider Buying and Selling at Ouster

In related news, Director Virginia Boulet purchased 10,000 shares of Ouster stock in a transaction dated Wednesday, May 15th. The stock was bought at an average cost of $12.20 per share, with a total value of $122,000.00. Following the purchase, the director now owns 173,089 shares in the company, valued at approximately $2,111,685.80. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In related news, General Counsel Megan Chung sold 5,776 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $7.96, for a total transaction of $45,976.96. Following the completion of the transaction, the general counsel now owns 163,966 shares of the company’s stock, valued at $1,305,169.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Virginia Boulet bought 10,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were purchased at an average cost of $12.20 per share, for a total transaction of $122,000.00. Following the completion of the acquisition, the director now owns 173,089 shares of the company’s stock, valued at $2,111,685.80. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 41,934 shares of company stock valued at $417,147. Company insiders own 7.81% of the company’s stock.

About Ouster

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.