UBS Group AG Acquires 121,708 Shares of Ouster, Inc. $OUST

UBS Group AG raised its holdings in shares of Ouster, Inc. (NASDAQ:OUST) by 67.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 301,469 shares of the company’s stock after purchasing an additional 121,708 shares during the quarter. UBS Group AG owned 0.50% of Ouster worth $6,524,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in OUST. Invesco Ltd. increased its stake in shares of Ouster by 1,521.8% during the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after buying an additional 536,413 shares during the period. Vanguard Group Inc. increased its stake in shares of Ouster by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after buying an additional 478,372 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Ouster during the third quarter valued at $9,193,000. Algert Global LLC increased its stake in shares of Ouster by 192.6% during the third quarter. Algert Global LLC now owns 500,902 shares of the company’s stock valued at $13,549,000 after buying an additional 329,735 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Ouster by 1,419.5% in the third quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock valued at $8,385,000 after purchasing an additional 289,790 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors.

Ouster Stock Performance

Shares of OUST stock opened at $29.72 on Wednesday. Ouster, Inc. has a fifty-two week low of $9.77 and a fifty-two week high of $41.65. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -30.64 and a beta of 3.06. The stock’s 50-day simple moving average is $23.88 and its 200-day simple moving average is $23.27.

Insider Transactions at Ouster

In related news, Director Stephen A. Skaggs sold 5,000 shares of Ouster stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the sale, the director owned 61,690 shares of the company’s stock, valued at $1,850,700. The trade was a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Mark Frichtl sold 4,316 shares of Ouster stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $36.00, for a total value of $155,376.00. Following the sale, the chief technology officer directly owned 628,638 shares of the company’s stock, valued at $22,630,968. This trade represents a 0.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 484,159 shares of company stock worth $13,522,138. Insiders own 5.72% of the company’s stock.

Analyst Upgrades and Downgrades

OUST has been the topic of several analyst reports. Weiss Ratings initiated coverage on Ouster in a research note on Friday. They issued a “sell (d-)” rating on the stock. Oppenheimer reiterated an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.20.

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.