International Assets Investment Management LLC Boosts Position in Ouster, Inc. (NYSE:OUST)

International Assets Investment Management LLC increased its holdings in Ouster, Inc. (NYSE:OUST) by 667.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,894 shares of the company’s stock after acquiring an additional 8,604 shares during the quarter. International Assets Investment Management LLC’s holdings in Ouster were worth $76,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Worth Venture Partners LLC bought a new position in Ouster in the 3rd quarter worth $1,587,000. Barclays PLC bought a new stake in shares of Ouster during the 3rd quarter valued at about $200,000. Citigroup Inc. increased its position in shares of Ouster by 39.1% during the third quarter. Citigroup Inc. now owns 34,095 shares of the company’s stock valued at $172,000 after buying an additional 9,580 shares during the period. AIGH Capital Management LLC bought a new position in Ouster in the third quarter worth about $6,491,000. Finally, Fox Run Management L.L.C. bought a new position in Ouster in the third quarter worth about $88,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Price Performance

OUST stock opened at $9.07 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.94 and a current ratio of 3.22. The firm has a market capitalization of $368.89 million, a price-to-earnings ratio of -0.82 and a beta of 2.54. The firm has a 50 day moving average price of $6.76 and a 200-day moving average price of $6.03. Ouster, Inc. has a 52-week low of $3.27 and a 52-week high of $11.40.

Ouster (NYSE:OUST) last announced its quarterly earnings data on Tuesday, March 26th. The company reported ($0.95) earnings per share (EPS) for the quarter. Ouster had a negative net margin of 449.23% and a negative return on equity of 106.16%. The company had revenue of $24.44 million for the quarter. Equities research analysts forecast that Ouster, Inc. will post -3.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Chardan Capital reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Ouster in a research report on Wednesday, April 3rd. Cantor Fitzgerald restated an “overweight” rating and set a $8.00 price target on shares of Ouster in a research report on Thursday, March 28th. Finally, Craig Hallum increased their price objective on Ouster from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Insider Buying and Selling

In other Ouster news, General Counsel Megan Chung sold 5,776 shares of Ouster stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $7.96, for a total value of $45,976.96. Following the completion of the transaction, the general counsel now directly owns 163,966 shares of the company’s stock, valued at $1,305,169.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Ouster news, General Counsel Megan Chung sold 5,776 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $7.96, for a total transaction of $45,976.96. Following the sale, the general counsel now directly owns 163,966 shares in the company, valued at approximately $1,305,169.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Weinswig sold 19,990 shares of Ouster stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total value of $186,906.50. Following the completion of the sale, the chief financial officer now directly owns 236,800 shares of the company’s stock, valued at approximately $2,214,080. The disclosure for this sale can be found here. Insiders have sold a total of 36,986 shares of company stock worth $290,359 in the last quarter. Corporate insiders own 6.00% of the company’s stock.

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.