Ouster, Inc. (NYSE:OUST) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp boosted its stake in Ouster, Inc. (NYSE:OUST) by 286.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,718 shares of the company’s stock after buying an additional 44,275 shares during the period. Stifel Financial Corp’s holdings in Ouster were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in OUST. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Ouster during the 2nd quarter valued at $27,000. Van ECK Associates Corp grew its holdings 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 acquiring an additional 1,608 shares during the period. Stoneridge Investment Partners LLC bought a new stake in Ouster in the third quarter worth about $67,000. True North Advisors LLC acquired a new stake in Ouster in the 3rd quarter valued at about $78,000. Finally, Intech Investment Management LLC bought a new position in shares of Ouster during the 3rd quarter valued at about $81,000. 31.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Northland Securities assumed coverage on Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective for the company. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $12.00 to $10.00 in a research note on Monday, November 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $17.00 target price on shares of Ouster in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $13.17.

Ouster Price Performance

OUST opened at $12.49 on Friday. The company has a market capitalization of $621.64 million, a PE ratio of -4.86 and a beta of 2.50. The business has a 50-day moving average of $9.30 and a 200-day moving average of $9.22. Ouster, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $16.88.

Insiders Place Their Bets

In related news, General Counsel Megan Chung sold 13,671 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $132,471.99. Following the sale, the general counsel now owns 149,647 shares of the company’s stock, valued at $1,450,079.43. The trade was a 8.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Angus Pacala acquired 50,954 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $9.79 per share, with a total value of $498,839.66. Following the completion of the purchase, the chief executive officer now directly owns 769,957 shares of the company’s stock, valued at approximately $7,537,879.03. This represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 80,415 shares of company stock valued at $748,620 in the last quarter. Insiders own 7.81% of the company’s stock.

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.