SG Americas Securities LLC Raises Stock Holdings in Ouster, Inc. (NYSE:OUST)

SG Americas Securities LLC raised its position in shares of Ouster, Inc. (NYSE:OUST) by 19.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,652 shares of the company’s stock after purchasing an additional 3,261 shares during the quarter. SG Americas Securities LLC’s holdings in Ouster were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of OUST. Barclays PLC lifted its holdings in shares of Ouster by 280.6% during the third quarter. Barclays PLC now owns 57,330 shares of the company’s stock worth $361,000 after purchasing an additional 42,267 shares during the period. Geode Capital Management LLC raised its position in Ouster by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock worth $6,146,000 after buying an additional 62,202 shares during the last quarter. State Street Corp lifted its stake in Ouster by 2.4% during the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after acquiring an additional 37,926 shares during the period. Stifel Financial Corp boosted its holdings in shares of Ouster by 286.7% in the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock valued at $376,000 after acquiring an additional 44,275 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Ouster in the third quarter worth $167,000. 31.45% of the stock is owned by institutional investors and hedge funds.

Ouster Stock Up 7.5 %

OUST stock opened at $11.05 on Friday. Ouster, Inc. has a 52-week low of $4.65 and a 52-week high of $16.88. The firm has a market cap of $549.96 million, a P/E ratio of -4.30 and a beta of 2.36. The company’s 50-day simple moving average is $10.99 and its 200-day simple moving average is $9.22.

Ouster (NYSE:OUST) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.54) earnings per share (EPS) for the quarter. The business had revenue of $28.08 million for the quarter. Ouster had a negative return on equity of 65.17% and a negative net margin of 106.50%. During the same quarter in the prior year, the company earned ($0.89) EPS. On average, analysts anticipate that Ouster, Inc. will post -2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OUST. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $12.00 to $10.00 in a report on Monday, November 11th. Rosenblatt Securities restated a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Friday, November 8th. Finally, Northland Securities initiated coverage on Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target for the company. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $13.17.

Insider Transactions at Ouster

In other news, CFO Mark Weinswig sold 31,397 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total transaction of $273,781.84. Following the completion of the sale, the chief financial officer now owns 198,650 shares of the company’s stock, valued at $1,732,228. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mark Frichtl purchased 5,045 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $9.78 per share, for a total transaction of $49,340.10. Following the completion of the purchase, the chief technology officer now directly owns 513,121 shares in the company, valued at $5,018,323.38. This represents a 0.99 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 80,415 shares of company stock valued at $748,620 in the last three months. 7.81% of the stock is currently owned by company insiders.

Ouster Profile

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.