26,524 Shares in Ouster, Inc. $OUST Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC acquired a new stake in shares of Ouster, Inc. (NYSE:OUST) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,524 shares of the company’s stock, valued at approximately $717,000.

A number of other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after purchasing an additional 1,089 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Ouster by 153.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock valued at $29,000 after buying an additional 733 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Ouster by 8,823.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock worth $37,000 after buying an additional 1,500 shares in the last quarter. Game Plan Financial Advisors LLC boosted its stake in shares of Ouster by 400.0% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company’s stock worth $73,000 after buying an additional 2,400 shares during the last quarter. Finally, North Capital Inc. boosted its stake in shares of Ouster by 102.7% in the 2nd quarter. North Capital Inc. now owns 3,000 shares of the company’s stock worth $73,000 after buying an additional 1,520 shares during the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on OUST shares. Cantor Fitzgerald set a $33.00 target price on Ouster in a research report on Thursday, November 6th. Zacks Research downgraded shares of Ouster from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Westpark Capital reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Ouster in a research report on Wednesday, November 5th. Oppenheimer reissued an “outperform” rating on shares of Ouster in a research report on Thursday, December 4th. Finally, Northland Securities set a $38.00 price target on shares of Ouster in a research note on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ouster presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.17.

Insider Activity

In related news, General Counsel Megan Chung sold 5,837 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $31.02, for a total transaction of $181,063.74. Following the completion of the transaction, the general counsel owned 197,199 shares of the company’s stock, valued at approximately $6,117,112.98. The trade was a 2.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ted L. Tewksbury III sold 1,695 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $21.47, for a total transaction of $36,391.65. Following the completion of the sale, the director owned 123,664 shares in the company, valued at $2,655,066.08. This represents a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 9,227 shares of company stock worth $260,474. Company insiders own 6.63% of the company’s stock.

Ouster Stock Performance

NYSE:OUST opened at $23.37 on Friday. The business’s fifty day moving average is $24.30 and its 200 day moving average is $26.74. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -9.09 and a beta of 2.99. Ouster, Inc. has a 52-week low of $6.34 and a 52-week high of $41.65.

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.