Ouster, Inc. $OUST Stock Holdings Reduced by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lowered its position in Ouster, Inc. (NASDAQ:OUST) by 26.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,000 shares of the company’s stock after selling 12,000 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Ouster were worth $714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OUST. Invesco Ltd. grew its stake in Ouster by 1,521.8% in the second 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 in the last quarter. Vanguard Group Inc. grew its stake in Ouster by 11.3% in the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after purchasing an additional 478,372 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Ouster by 130.7% in the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock valued at $15,479,000 after purchasing an additional 405,441 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Ouster in the third quarter valued at about $9,193,000. Finally, Algert Global LLC grew its stake in Ouster by 192.6% in the third quarter. Algert Global LLC now owns 500,902 shares of the company’s stock valued at $13,549,000 after purchasing an additional 329,735 shares in the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Insider Buying and Selling

In related news, COO Darien Spencer sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief operating officer owned 342,366 shares of the company’s stock, valued at approximately $15,406,470. The trade was a 8.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Mark Frichtl sold 308,742 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $41.53, for a total value of $12,822,055.26. Following the transaction, the chief technology officer directly owned 294,924 shares of the company’s stock, valued at $12,248,193.72. This represents a 51.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 927,334 shares of company stock valued at $31,530,882. Insiders own 5.72% of the company’s stock.

Ouster Stock Performance

NASDAQ OUST opened at $46.03 on Wednesday. Ouster, Inc. has a twelve month low of $12.53 and a twelve month high of $49.39. The stock has a market capitalization of $2.89 billion, a PE ratio of -47.45 and a beta of 3.24. The stock has a 50-day simple moving average of $27.17 and a 200 day simple moving average of $24.04.

Analysts Set New Price Targets

A number of brokerages have commented on OUST. Roth Mkm began coverage on Ouster in a research note on Friday. They issued a “buy” rating and a $75.00 target price on the stock. Weiss Ratings began coverage on Ouster in a research note on Friday, May 15th. They set a “sell (d-)” rating for the company. Oppenheimer reiterated an “outperform” rating and set a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Cantor Fitzgerald downgraded Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Rosenblatt Securities upped their price target on Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ouster presently has an average rating of “Hold” and an average target price of $48.17.

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.