SG Americas Securities LLC Boosts Stock Position in Ouster, Inc. $OUST

SG Americas Securities LLC increased its position in shares of Ouster, Inc. (NYSE:OUST) by 43.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,578 shares of the company’s stock after acquiring an additional 83,448 shares during the period. SG Americas Securities LLC owned about 0.46% of Ouster worth $5,985,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. 180 Wealth Advisors LLC increased its stake in Ouster by 13.8% during the fourth quarter. 180 Wealth Advisors LLC now owns 49,122 shares of the company’s stock worth $1,063,000 after purchasing an additional 5,956 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Ouster by 514.6% in the third quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company’s stock valued at $5,010,000 after purchasing an additional 155,063 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Ouster by 714.7% in the third quarter. NewEdge Advisors LLC now owns 9,222 shares of the company’s stock valued at $249,000 after purchasing an additional 8,090 shares in the last quarter. Sender Co & Partners Inc. acquired a new position in shares of Ouster in the third quarter valued at approximately $490,000. Finally, Dark Forest Capital Management LP increased its stake in Ouster by 26.0% during the 3rd quarter. Dark Forest Capital Management LP now owns 22,859 shares of the company’s stock worth $618,000 after buying an additional 4,710 shares during the period. 31.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OUST has been the topic of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.20.

Ouster Stock Performance

Shares of OUST opened at $18.37 on Wednesday. Ouster, Inc. has a 1 year low of $6.34 and a 1 year high of $41.65. The stock has a market capitalization of $1.15 billion, a PE ratio of -7.15 and a beta of 2.91. The stock has a 50-day simple moving average of $20.65 and a 200-day simple moving average of $24.64.

Insider Transactions at Ouster

In related news, CEO Charles Angus Pacala sold 24,657 shares of Ouster stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $23.43, for a total value of $577,713.51. Following the completion of the transaction, the chief executive officer owned 960,660 shares in the company, valued at $22,508,263.80. The trade was a 2.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Megan Chung sold 9,593 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $23.43, for a total transaction of $224,763.99. Following the completion of the sale, the general counsel directly owned 173,548 shares in the company, valued at approximately $4,066,229.64. This represents a 5.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 108,409 shares of company stock valued at $2,456,848 over the last quarter. Insiders own 6.63% of the company’s stock.

Ouster Profile

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.