Centiva Capital LP Makes New Investment in Ouster, Inc. (NYSE:OUST)

Centiva Capital LP purchased a new position in shares of Ouster, Inc. (NYSE:OUST) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 26,439 shares of the company’s stock, valued at approximately $167,000.

A number of other institutional investors also recently bought and sold shares of OUST. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ouster in the 2nd quarter valued at $27,000. Van ECK Associates Corp purchased a new stake in Ouster in the 2nd quarter valued at about $56,000. Ballentine Partners LLC purchased a new stake in Ouster in the 2nd quarter valued at about $101,000. Stoneridge Investment Partners LLC purchased a new stake in Ouster during the third quarter worth about $67,000. Finally, True North Advisors LLC acquired a new stake in shares of Ouster during the third quarter worth about $78,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

Ouster Stock Performance

Ouster stock opened at $9.13 on Friday. The company has a market cap of $454.41 million, a P/E ratio of -3.55 and a beta of 2.50. Ouster, Inc. has a one year low of $4.65 and a one year high of $16.88. The business has a fifty day moving average of $8.31 and a two-hundred day moving average of $9.25.

Wall Street Analysts Forecast Growth

OUST has been the topic of several research reports. Northland Securities initiated coverage on shares of Ouster in a research report on Thursday. They set an “outperform” rating and a $14.00 price target on the stock. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $12.00 to $10.00 in a report on Monday, November 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price target on shares of Ouster in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.17.

Insider Transactions at Ouster

In other Ouster news, CFO Mark Weinswig sold 31,397 shares of Ouster stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $8.72, for a total value of $273,781.84. Following the completion of the sale, the chief financial officer now owns 198,650 shares in the company, valued at $1,732,228. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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.