61,983 Shares in Ouster, Inc. $OUST Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ouster, Inc. (NYSE:OUST) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 61,983 shares of the company’s stock, valued at approximately $1,677,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OUST. Penserra Capital Management LLC acquired a new stake in shares of Ouster during the second quarter valued at about $2,397,000. Osaic Holdings Inc. raised its holdings in Ouster by 3,452.7% in the 2nd quarter. Osaic Holdings Inc. now owns 121,893 shares of the company’s stock valued at $2,956,000 after buying an additional 118,462 shares during the last quarter. Handelsbanken Fonder AB acquired a new stake in Ouster during the 2nd quarter worth approximately $496,000. SG Americas Securities LLC bought a new stake in Ouster during the 3rd quarter worth approximately $5,224,000. Finally, Bulltick Wealth Management LLC acquired a new position in Ouster in the 2nd quarter valued at approximately $606,000. Institutional investors own 31.45% of the company’s stock.

Insiders Place Their Bets

In other Ouster news, Director Ted L. Tewksbury III sold 1,695 shares of Ouster stock in a transaction on Friday, December 19th. The shares were sold at an average price of $21.47, for a total value of $36,391.65. Following the completion of the sale, the director directly owned 123,664 shares of the company’s stock, valued at approximately $2,655,066.08. The trade was a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Megan Chung sold 5,837 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $27.24, for a total transaction of $158,999.88. Following the transaction, the general counsel directly owned 183,141 shares in the company, valued at $4,988,760.84. This trade represents a 3.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,227 shares of company stock valued at $238,411 over the last 90 days. Corporate insiders own 6.63% of the company’s stock.

Ouster Stock Performance

Ouster stock opened at $20.83 on Friday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -8.11 and a beta of 2.93. Ouster, Inc. has a 52-week low of $6.34 and a 52-week high of $41.65. The stock’s 50 day moving average price is $24.00 and its two-hundred day moving average price is $27.07.

Analyst Ratings Changes

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

Ouster Company 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.