Raymond James Financial Services Advisors Inc. Invests $141,000 in Ouster, Inc. (NYSE:OUST)

Raymond James Financial Services Advisors Inc. acquired a new position in Ouster, Inc. (NYSE:OUST) in the 4th quarter, Holdings Channel.com reports. The firm acquired 18,417 shares of the company’s stock, valued at approximately $141,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brown Advisory Inc. purchased a new stake in Ouster in the 3rd quarter worth $51,000. SVB Wealth LLC purchased a new stake in Ouster in the 3rd quarter worth $67,000. Fox Run Management L.L.C. purchased a new stake in Ouster in the 3rd quarter worth $88,000. Raymond James & Associates purchased a new stake in Ouster in the 3rd quarter worth $159,000. Finally, Citigroup Inc. increased its stake in Ouster by 39.1% in the 3rd quarter. Citigroup Inc. now owns 34,095 shares of the company’s stock worth $172,000 after buying an additional 9,580 shares in the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Ouster Stock Up 0.5 %

OUST opened at $7.47 on Friday. The firm has a 50-day simple moving average of $6.56 and a two-hundred day simple moving average of $5.92. Ouster, Inc. has a 52 week low of $3.21 and a 52 week high of $11.40. The company has a market capitalization of $303.80 million, a PE ratio of -0.68 and a beta of 2.55. The company has a quick ratio of 2.94, a current ratio of 3.22 and a debt-to-equity ratio of 0.24.

Ouster (NYSE:OUST) last released its quarterly earnings data on Tuesday, March 26th. The company reported ($0.95) EPS for the quarter. Ouster had a negative net margin of 449.23% and a negative return on equity of 106.16%. The company had revenue of $24.44 million for the quarter. Analysts forecast that Ouster, Inc. will post -3.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

OUST has been the subject of a number of analyst reports. Chardan Capital reiterated a “neutral” rating and issued a $10.00 price target on shares of Ouster in a research note on Wednesday, April 3rd. Craig Hallum increased their price target on Ouster from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $8.00 price objective on shares of Ouster in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.50.

Insider Activity at Ouster

In related news, General Counsel Megan Chung sold 5,776 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $7.96, for a total value of $45,976.96. Following the completion of the transaction, the general counsel now owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, General Counsel Megan Chung sold 5,776 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $7.96, for a total value of $45,976.96. Following the completion of the transaction, the general counsel now owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Weinswig sold 19,990 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $9.35, for a total transaction of $186,906.50. Following the completion of the transaction, the chief financial officer now directly owns 236,800 shares of the company’s stock, valued at approximately $2,214,080. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,986 shares of company stock valued at $290,359. Insiders own 6.00% of the company’s stock.

Ouster Profile

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.