Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 42,086 Shares of Ouster, Inc. (NYSE:OUST)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Ouster, Inc. (NYSE:OUSTGet Rating) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,313,692 shares of the company’s stock after acquiring an additional 42,086 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.72% of Ouster worth $1,266,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OUST. Corient Capital Partners LLC acquired a new stake in shares of Ouster in the 2nd quarter valued at approximately $27,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Ouster during the 1st quarter valued at $82,000. Arizona State Retirement System acquired a new stake in Ouster during the 2nd quarter valued at $30,000. RFG Advisory LLC lifted its holdings in Ouster by 39.7% during the 2nd quarter. RFG Advisory LLC now owns 21,100 shares of the company’s stock valued at $40,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Ouster by 111.4% during the 2nd quarter. Legal & General Group Plc now owns 28,963 shares of the company’s stock valued at $47,000 after purchasing an additional 15,263 shares during the last quarter. Institutional investors and hedge funds own 28.79% of the company’s stock.

Insider Buying and Selling at Ouster

In other Ouster news, CFO Anna Brunelle sold 25,700 shares of Ouster stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $1.21, for a total value of $31,097.00. Following the transaction, the chief financial officer now owns 2,323,690 shares in the company, valued at $2,811,664.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Nathan Dickerman sold 30,599 shares of Ouster stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $1.21, for a total transaction of $37,024.79. Following the sale, the insider now directly owns 890,387 shares of the company’s stock, valued at $1,077,368.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Anna Brunelle sold 25,700 shares of Ouster stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $1.21, for a total value of $31,097.00. Following the sale, the chief financial officer now directly owns 2,323,690 shares in the company, valued at $2,811,664.90. The disclosure for this sale can be found here. Insiders have sold a total of 69,196 shares of company stock worth $83,727 over the last 90 days. Insiders own 10.70% of the company’s stock.

Wall Street Analysts Forecast Growth

OUST has been the subject of several research reports. Robert W. Baird downgraded Ouster from an “outperform” rating to a “neutral” rating and set a $1.50 price target for the company. in a report on Tuesday, November 8th. Rosenblatt Securities initiated coverage on Ouster in a research report on Monday, October 24th. They set a “buy” rating and a $2.00 price objective on the stock. Westpark Capital initiated coverage on Ouster in a research report on Tuesday, November 1st. They set a “buy” rating and a $4.00 price objective on the stock. Citigroup cut Ouster from a “buy” rating to a “neutral” rating and set a $1.70 price objective on the stock. in a research report on Wednesday, December 7th. Finally, Craig Hallum lowered their price objective on Ouster to $2.50 in a research report on Tuesday, November 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ouster currently has an average rating of “Moderate Buy” and a consensus target price of $3.59.

Ouster Stock Up 1.8 %

Shares of NYSE OUST opened at $1.14 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.89 and a current ratio of 6.70. Ouster, Inc. has a 52 week low of $0.76 and a 52 week high of $5.00. The stock has a market capitalization of $210.37 million, a P/E ratio of -1.58 and a beta of 2.17. The stock’s fifty day moving average is $1.12 and its 200 day moving average is $1.29.

Ouster (NYSE:OUSTGet Rating) last released its earnings results on Monday, November 7th. The company reported ($0.20) earnings per share (EPS) for the quarter. Ouster had a negative net margin of 297.38% and a negative return on equity of 52.75%. The business had revenue of $11.20 million during the quarter. Sell-side analysts forecast that Ouster, Inc. will post -0.79 earnings per share for the current fiscal year.

Ouster Profile

(Get Rating)

Ouster, Inc designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor and DF, a true solid-state flash sensor. The company is based in San Francisco, California.

See Also

Institutional Ownership by Quarter for Ouster (NYSE:OUST)

Receive News & Ratings for Ouster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ouster and related companies with MarketBeat.com's FREE daily email newsletter.