Boothbay Fund Management LLC Acquires 336,060 Shares of Ouster, Inc. (NYSE:OUST)

Boothbay Fund Management LLC grew its holdings in shares of Ouster, Inc. (NYSE:OUSTGet Rating) by 1,828.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 354,442 shares of the company’s stock after purchasing an additional 336,060 shares during the quarter. Boothbay Fund Management LLC owned about 0.20% of Ouster worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Game Plan Financial Advisors LLC raised its holdings in shares of Ouster by 24.8% during the 3rd quarter. Game Plan Financial Advisors LLC now owns 75,500 shares of the company’s stock valued at $73,000 after purchasing an additional 15,000 shares in the last quarter. Dowling & Yahnke LLC bought a new position in shares of Ouster during the 3rd quarter valued at $106,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Ouster by 3.3% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,313,692 shares of the company’s stock valued at $1,266,000 after buying an additional 42,086 shares during the last quarter. Brown Advisory Inc. acquired a new position in Ouster in the 2nd quarter valued at $143,000. Finally, Legal & General Group Plc grew its stake in Ouster by 111.4% in the 2nd quarter. Legal & General Group Plc now owns 28,963 shares of the company’s stock valued at $47,000 after buying an additional 15,263 shares during the last quarter. Institutional investors own 28.79% of the company’s stock.

Wall Street Analyst Weigh In

OUST has been the topic of a number of research analyst reports. Citigroup lowered shares of Ouster from a “buy” rating to a “neutral” rating and set a $1.70 target price on the stock. in a research note on Wednesday, December 7th. Robert W. Baird lowered shares of Ouster from an “outperform” rating to a “neutral” rating and set a $1.50 target price on the stock. in a research note on Tuesday, November 8th. Finally, Craig Hallum lowered their target price on shares of Ouster to $2.50 in a research note on Tuesday, November 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ouster currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.59.

Insiders Place Their Bets

In other Ouster news, Director Ted L. Tewksbury III sold 326,248 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $1.11, for a total value of $362,135.28. Following the sale, the director now directly owns 982,998 shares in the company, valued at approximately $1,091,127.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ted L. Tewksbury III sold 326,248 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $1.11, for a total transaction of $362,135.28. Following the completion of the transaction, the director now directly owns 982,998 shares of the company’s stock, valued at approximately $1,091,127.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Anna Brunelle sold 25,700 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $1.21, for a total transaction of $31,097.00. Following the transaction, the chief financial officer now directly owns 2,323,690 shares of the company’s stock, valued at $2,811,664.90. The disclosure for this sale can be found here. Insiders have sold 395,444 shares of company stock worth $445,862 in the last ninety days. Insiders own 10.70% of the company’s stock.

Ouster Stock Performance

NYSE OUST opened at $1.07 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.70 and a quick ratio of 5.89. The firm has a market capitalization of $197.45 million, a price-to-earnings ratio of -1.49 and a beta of 2.56. The company’s fifty day moving average is $1.23 and its two-hundred day moving average is $1.21. Ouster, Inc. has a 52-week low of $0.76 and a 52-week high of $5.00.

About Ouster

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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.

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Institutional Ownership by Quarter for Ouster (NYSE:OUST)

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