XTX Topco Ltd Acquires 14,695 Shares of Ouster, Inc. (NYSE:OUST)

XTX Topco Ltd boosted its stake in Ouster, Inc. (NYSE:OUST) by 43.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,475 shares of the company’s stock after acquiring an additional 14,695 shares during the period. XTX Topco Ltd’s holdings in Ouster were worth $477,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Van ECK Associates Corp purchased a new position in shares of Ouster in the 2nd quarter valued at approximately $56,000. Lake Street Advisors Group LLC bought a new position in Ouster in the first quarter worth $79,000. SG Americas Securities LLC purchased a new position in Ouster during the first quarter valued at $89,000. Ballentine Partners LLC bought a new stake in shares of Ouster during the 2nd quarter valued at $101,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ouster in the 4th quarter worth about $103,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on OUST. Craig Hallum dropped their price objective on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price target on shares of Ouster in a research report on Monday, August 12th. Cantor Fitzgerald reiterated a “neutral” rating and set a $12.00 price objective on shares of Ouster in a research note on Monday. Finally, Westpark Capital reissued a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.40.

Ouster Price Performance

Shares of OUST opened at $6.23 on Wednesday. The company has a market capitalization of $281.53 million, a P/E ratio of -1.12 and a beta of 2.37. Ouster, Inc. has a twelve month low of $3.67 and a twelve month high of $16.88. The company has a quick ratio of 3.14, a current ratio of 3.40 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $9.17 and a 200 day moving average of $9.45.

Ouster (NYSE:OUST) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.53) EPS for the quarter. Ouster had a negative return on equity of 68.48% and a negative net margin of 122.32%. The business had revenue of $26.99 million during the quarter. As a group, equities research analysts anticipate that Ouster, Inc. will post -2.4 earnings per share for the current fiscal year.

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.