Ouster, Inc. (NYSE:OUST) Shares Sold by Fmr LLC

Fmr LLC cut its stake in shares of Ouster, Inc. (NYSE:OUST) by 94.1% in the third quarter, Holdings Channel.com reports. The fund owned 4,054 shares of the company’s stock after selling 65,134 shares during the period. Fmr LLC’s holdings in Ouster were worth $26,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OUST. Charles Schwab Investment Management Inc. boosted its position in shares of Ouster by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock worth $2,245,000 after buying an additional 34,743 shares during the period. Intech Investment Management LLC acquired a new position in Ouster during the 3rd quarter worth about $81,000. GSA Capital Partners LLP purchased a new position in Ouster during the 3rd quarter valued at about $706,000. Stoneridge Investment Partners LLC acquired a new position in Ouster in the 3rd quarter valued at about $67,000. Finally, Van ECK Associates Corp increased its stake in Ouster by 28.4% during the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock worth $46,000 after purchasing an additional 1,608 shares during the period. 31.45% of the stock is owned by hedge funds and other institutional investors.

Ouster Trading Up 7.0 %

Shares of NYSE:OUST opened at $13.71 on Friday. Ouster, Inc. has a 52 week low of $4.65 and a 52 week high of $16.88. The company’s 50 day moving average is $9.21 and its two-hundred day moving average is $9.22. The company has a market cap of $682.36 million, a PE ratio of -5.33 and a beta of 2.50.

Insider Activity at Ouster

In related news, CFO Mark Weinswig sold 31,397 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total value of $273,781.84. Following the transaction, the chief financial officer now directly owns 198,650 shares of the company’s stock, valued at $1,732,228. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Charles Angus Pacala purchased 50,954 shares of Ouster stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $9.79 per share, with a total value of $498,839.66. Following the completion of the transaction, the chief executive officer now owns 769,957 shares of the company’s stock, valued at $7,537,879.03. The trade was a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 80,415 shares of company stock valued at $748,620 over the last quarter. 7.81% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Northland Securities assumed coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective for the company. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price target on shares of Ouster in a research report on Friday, November 8th. Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $12.00 to $10.00 in a research report on Monday, November 11th. Finally, Northland Capmk upgraded Ouster to a “strong-buy” rating in a report on Thursday, December 12th. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $13.17.

About Ouster

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.