Charles Schwab Investment Management Inc. Has $4.49 Million Holdings in Ouster, Inc. (NYSE:OUST)

Charles Schwab Investment Management Inc. raised its stake in shares of Ouster, Inc. (NYSE:OUST) by 3.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 367,388 shares of the company’s stock after purchasing an additional 10,981 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ouster were worth $4,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of Ouster by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company’s stock valued at $1,246,000 after purchasing an additional 1,074 shares in the last quarter. SG Americas Securities LLC lifted its stake in Ouster by 19.9% during the 4th quarter. SG Americas Securities LLC now owns 19,652 shares of the company’s stock valued at $240,000 after acquiring an additional 3,261 shares in the last quarter. Rhumbline Advisers boosted its holdings in Ouster by 6.6% during the 4th quarter. Rhumbline Advisers now owns 79,191 shares of the company’s stock worth $968,000 after acquiring an additional 4,900 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of Ouster by 16.3% in the 4th quarter. Legato Capital Management LLC now owns 65,860 shares of the company’s stock worth $805,000 after acquiring an additional 9,228 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Ouster in the third quarter valued at about $81,000. 31.45% of the stock is owned by institutional investors.

Ouster Trading Down 0.1 %

NYSE:OUST opened at $11.23 on Wednesday. The firm’s 50 day moving average is $9.42 and its 200 day moving average is $9.03. Ouster, Inc. has a 12 month low of $4.93 and a 12 month high of $16.88. The stock has a market capitalization of $558.93 million, a PE ratio of -4.37 and a beta of 2.38.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Westpark Capital started coverage on shares of Ouster in a report on Monday, March 17th. They set a “hold” rating on the stock. Cantor Fitzgerald boosted their target price on Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Northland Securities assumed coverage on Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st. Finally, Northland Capmk raised Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

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.