Squarepoint Ops LLC Has $7.64 Million Stock Holdings in Ouster, Inc. $OUST

Squarepoint Ops LLC increased its stake in shares of Ouster, Inc. (NASDAQ:OUST) by 98.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 122,148 shares of the company’s stock after acquiring an additional 60,458 shares during the period. Squarepoint Ops LLC’s holdings in Ouster were worth $7,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of Ouster by 2,532.6% in the 2nd 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. Allworth Financial LP lifted its holdings in Ouster by 40.3% during the 2nd quarter. Allworth Financial LP now owns 1,190 shares of the company’s stock valued at $74,000 after purchasing an additional 342 shares during the last quarter. Orion Capital Management LLC lifted its holdings in Ouster by 195.7% during the 2nd quarter. Orion Capital Management LLC now owns 1,511 shares of the company’s stock valued at $94,000 after purchasing an additional 1,000 shares during the last quarter. Larson Financial Group LLC boosted its position in Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after buying an additional 1,067 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Ouster in the second quarter valued at about $150,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Price Performance

Shares of NASDAQ OUST opened at $35.23 on Friday. The company’s 50 day simple moving average is $39.79 and its 200 day simple moving average is $33.69. Ouster, Inc. has a fifty-two week low of $16.40 and a fifty-two week high of $63.79. The firm has a market capitalization of $2.54 billion, a P/E ratio of -40.96 and a beta of 3.25.

Ouster (NASDAQ:OUST) last released its earnings results on Thursday, August 6th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). The business had revenue of $54.63 million for the quarter, compared to analyst estimates of $51.47 million. Ouster had a negative return on equity of 17.49% and a negative net margin of 26.02%. Sell-side analysts expect that Ouster, Inc. will post -1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OUST shares. Oppenheimer reaffirmed an “outperform” rating and set a $57.00 price target (up from $42.00) on shares of Ouster in a report on Wednesday, July 15th. Rosenblatt Securities restated a “buy” rating and set a $53.00 target price on shares of Ouster in a report on Thursday, August 27th. Citigroup restated an “outperform” rating on shares of Ouster in a research note on Tuesday, July 21st. Northland Securities set a $60.00 price target on Ouster and gave the company an “outperform” rating in a report on Tuesday, July 21st. Finally, Roth Capital assumed coverage on shares of Ouster in a research report on Friday, May 29th. They set a “buy” rating and a $75.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.67.

Insider Buying and Selling

In related news, CFO Kenneth Gianella sold 40,000 shares of Ouster stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $45.33, for a total transaction of $1,813,200.00. Following the completion of the sale, the chief financial officer directly owned 261,014 shares of the company’s stock, valued at $11,831,764.62. The trade was a 13.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Darien Spencer sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. 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 sale, the chief operating officer owned 299,806 shares of the company’s stock, valued at $13,491,270. This represents a 9.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 76,695 shares of company stock valued at $3,470,567 over the last 90 days. Company insiders own 5.72% of the company’s stock.

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.