274,101 Shares in Ouster, Inc. $OUST Purchased by Bastion Asset Management Inc.

Bastion Asset Management Inc. purchased a new position in shares of Ouster, Inc. (NASDAQ:OUST) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 274,101 shares of the company’s stock, valued at approximately $5,271,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of OUST. NewEdge Advisors LLC lifted its position in shares of Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after buying an additional 1,089 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Ouster by 118.8% during the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after acquiring an additional 1,067 shares during the last quarter. SHP Wealth Management acquired a new position in shares of Ouster during the 4th quarter worth approximately $96,000. Van ECK Associates Corp raised its stake in Ouster by 17.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after acquiring an additional 525 shares during the period. Finally, Global Retirement Partners LLC raised its stake in Ouster by 139.9% in the 4th quarter. Global Retirement Partners LLC now owns 4,622 shares of the company’s stock valued at $100,000 after acquiring an additional 2,695 shares during the period. Institutional investors own 31.45% of the company’s stock.

Insider Activity at Ouster

In related news, Director Ted L. Tewksbury III sold 1,695 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $47.00, for a total value of $79,665.00. Following the transaction, the director directly owned 124,999 shares in the company, valued at approximately $5,874,953. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mark Frichtl sold 308,742 shares of the firm’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 transaction, the chief technology officer directly owned 294,924 shares in the company, valued at approximately $12,248,193.72. This represents a 51.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 814,754 shares of company stock valued at $30,289,707. 5.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

OUST has been the subject of several research reports. Roth Capital began coverage on Ouster in a report on Friday, May 29th. They set a “buy” rating and a $75.00 price target for the company. Oppenheimer reiterated an “outperform” rating and issued a $57.00 price objective (up from $42.00) on shares of Ouster in a report on Wednesday. Rosenblatt Securities increased their price objective on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Cantor Fitzgerald cut shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings initiated coverage on shares of Ouster in a report on Friday, May 15th. They set a “sell (d-)” rating for the company. Four equities research 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 currently has a consensus rating of “Hold” and a consensus target price of $51.00.

Ouster Trading Down 7.4%

Shares of NASDAQ OUST opened at $35.14 on Friday. The firm has a market cap of $2.21 billion, a P/E ratio of -36.23 and a beta of 3.17. The business’s 50 day moving average is $41.53 and its 200-day moving average is $29.14. Ouster, Inc. has a 1-year low of $16.40 and a 1-year high of $63.79.

Ouster (NASDAQ:OUST) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.16). Ouster had a negative net margin of 30.12% and a negative return on equity of 21.49%. The firm had revenue of $48.58 million during the quarter, compared to the consensus estimate of $46.15 million. During the same quarter last year, the firm earned ($0.42) earnings per share. Analysts forecast that Ouster, Inc. will post -1.05 EPS for the current year.

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.