Ouster (NYSE:OUST) Director Virginia Boulet Buys 6,500 Shares of Stock

Ouster, Inc. (NYSE:OUST) Director Virginia Boulet bought 6,500 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $20.95 per share, for a total transaction of $136,175.00. Following the completion of the transaction, the director directly owned 228,342 shares in the company, valued at approximately $4,783,764.90. This trade represents a 2.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Ouster Trading Up 1.4%

Shares of OUST stock opened at $20.55 on Tuesday. The company has a market capitalization of $1.23 billion, a P/E ratio of -8.00 and a beta of 2.91. The business’s 50 day moving average is $22.19 and its two-hundred day moving average is $25.60. Ouster, Inc. has a 12-month low of $6.34 and a 12-month high of $41.65.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OUST. Oppenheimer reissued an “outperform” rating and issued a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.17.

Hedge Funds Weigh In On Ouster

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its stake in Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after purchasing an additional 536,413 shares during the last quarter. Vanguard Group Inc. boosted its stake in Ouster by 11.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock worth $127,683,000 after purchasing an additional 478,372 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Ouster by 130.7% during the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after purchasing an additional 405,441 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Ouster during the third quarter worth $9,193,000. Finally, Squarepoint Ops LLC raised its position in shares of Ouster by 517.5% in the fourth quarter. Squarepoint Ops LLC now owns 401,727 shares of the company’s stock valued at $8,693,000 after buying an additional 336,673 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

About Ouster

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.