Alpha DNA Investment Management LLC Buys Shares of 41,415 Ouster, Inc. (NYSE:OUST)

Alpha DNA Investment Management LLC purchased a new position in shares of Ouster, Inc. (NYSE:OUST) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 41,415 shares of the company’s stock, valued at approximately $407,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP boosted its position in Ouster by 184.9% in the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock valued at $6,424,000 after buying an additional 424,178 shares during the period. XTX Topco Ltd boosted its holdings in Ouster by 43.5% in the second quarter. XTX Topco Ltd now owns 48,475 shares of the company’s stock valued at $477,000 after purchasing an additional 14,695 shares during the period. Renaissance Technologies LLC acquired a new position in Ouster during the 2nd quarter worth $1,217,000. American Century Companies Inc. increased its holdings in Ouster by 38.5% during the 2nd quarter. American Century Companies Inc. now owns 45,615 shares of the company’s stock worth $448,000 after purchasing an additional 12,691 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in Ouster in the 2nd quarter valued at about $101,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $12.00 target price on shares of Ouster in a report on Monday. Westpark Capital reaffirmed a “buy” rating and set a $17.00 price objective on shares of Ouster in a research report on Monday, August 12th. Craig Hallum cut their price target on Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Ouster in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.40.

Ouster Price Performance

Shares of OUST opened at $5.94 on Thursday. The firm has a fifty day moving average price of $8.99 and a 200 day moving average price of $9.43. The stock has a market cap of $286.84 million, a PE ratio of -1.06 and a beta of 2.37. Ouster, Inc. has a 1-year low of $3.67 and a 1-year high of $16.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.40 and a quick ratio of 3.14.

Ouster (NYSE:OUST) last posted its earnings results on Tuesday, August 13th. The company reported ($0.53) earnings per share for the quarter. Ouster had a negative net margin of 122.32% and a negative return on equity of 68.48%. The firm had revenue of $26.99 million during the quarter. As a group, sell-side analysts anticipate that Ouster, Inc. will post -2.4 EPS for the current year.

Ouster Company 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.