CenterBook Partners LP Makes New Investment in Ouster, Inc. $OUST

CenterBook Partners LP acquired a new position in shares of Ouster, Inc. (NASDAQ:OUST) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 75,112 shares of the company’s stock, valued at approximately $1,625,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after buying an additional 525 shares during the period. Main Management ETF Advisors LLC boosted its stake in Ouster by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company’s stock worth $1,186,000 after buying an additional 560 shares during the period. Corient Private Wealth LLC boosted its stake in Ouster by 5.5% during the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock worth $280,000 after buying an additional 599 shares during the period. Prosperity Wealth Management Inc. boosted its stake in Ouster by 5.5% during the third quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock worth $352,000 after buying an additional 675 shares during the period. Finally, Creative Planning boosted its stake in shares of Ouster by 1.6% during the third quarter. Creative Planning now owns 43,681 shares of the company’s stock valued at $1,182,000 after purchasing an additional 677 shares during the period. 31.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OUST has been the subject of a number of recent analyst reports. Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Rosenblatt Securities boosted their target price on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Oppenheimer reissued an “outperform” rating and set a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Roth Mkm initiated coverage on shares of Ouster in a research note on Friday, May 29th. They set a “buy” rating and a $75.00 target price for the company. Finally, Weiss Ratings initiated coverage on shares of Ouster in a research note on Friday, May 15th. They set a “sell (d-)” rating for the company. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.17.

Ouster Price Performance

OUST stock opened at $38.52 on Wednesday. The business has a 50-day moving average price of $29.91 and a 200 day moving average price of $24.92. The company has a market capitalization of $2.42 billion, a P/E ratio of -39.71 and a beta of 3.24. Ouster, Inc. has a 1-year low of $15.00 and a 1-year high of $49.39.

Insider Transactions at Ouster

In other Ouster news, COO Darien Spencer sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $45.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief operating officer directly owned 342,366 shares in the company, valued at approximately $15,406,470. The trade was a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $12,822,055.26. Following the completion of the transaction, the chief technology officer owned 294,924 shares of the company’s stock, valued at $12,248,193.72. This represents a 51.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 927,334 shares of company stock valued at $31,530,882. Insiders own 5.72% 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.