Ouster, Inc. (NYSE:OUST) Shares Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC boosted its position in shares of Ouster, Inc. (NYSE:OUST) by 10.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 48,678 shares of the company’s stock after acquiring an additional 4,774 shares during the quarter. EntryPoint Capital LLC’s holdings in Ouster were worth $595,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its stake in shares of Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after purchasing an additional 1,063 shares during the last quarter. AlphaQuest LLC lifted its stake in Ouster by 916.0% during the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after acquiring an additional 7,456 shares during the period. Intech Investment Management LLC acquired a new stake in Ouster during the 3rd quarter valued at approximately $81,000. SVB Wealth LLC purchased a new stake in shares of Ouster in the 4th quarter valued at $163,000. Finally, SG Americas Securities LLC increased its stake in shares of Ouster by 19.9% in the fourth quarter. SG Americas Securities LLC now owns 19,652 shares of the company’s stock worth $240,000 after acquiring an additional 3,261 shares during the period. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Price Performance

Ouster stock opened at $11.24 on Tuesday. The stock has a market capitalization of $559.43 million, a PE ratio of -4.37 and a beta of 2.38. The business has a 50 day simple moving average of $9.41 and a 200-day simple moving average of $8.99. Ouster, Inc. has a 12 month low of $4.92 and a 12 month high of $16.88.

Analysts Set New Price Targets

Several equities research analysts have commented on OUST shares. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Cantor Fitzgerald raised their target price on Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday. Northland Securities began coverage on Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target for the company. Westpark Capital initiated coverage on shares of Ouster in a research note on Monday, March 17th. They set a “hold” rating on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Friday. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ouster has an average rating of “Moderate Buy” and an average target price of $13.33.

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.