Daiwa Securities Group Inc. Makes New $70,000 Investment in Ouster, Inc. (NYSE:OUST)

Daiwa Securities Group Inc. bought a new stake in shares of Ouster, Inc. (NYSE:OUST) during the fourth quarter, HoldingsChannel.com reports. The fund bought 9,157 shares of the company’s stock, valued at approximately $70,000.

A number of other hedge funds have also recently modified their holdings of OUST. AIGH Capital Management LLC bought a new position in shares of Ouster during the third quarter valued at approximately $6,491,000. Worth Venture Partners LLC bought a new position in shares of Ouster during the third quarter valued at approximately $1,587,000. Barclays PLC bought a new position in shares of Ouster during the third quarter valued at approximately $200,000. Raymond James & Associates bought a new position in shares of Ouster during the third quarter valued at approximately $159,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Ouster during the fourth quarter valued at approximately $141,000. Institutional investors own 31.45% of the company’s stock.

Wall Street Analyst Weigh In

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

Ouster Stock Up 15.9 %

Shares of NYSE OUST opened at $8.67 on Friday. The stock has a 50 day moving average price of $6.62 and a 200 day moving average price of $5.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.94 and a current ratio of 3.22. The firm has a market capitalization of $352.61 million, a price-to-earnings ratio of -0.78 and a beta of 2.55. Ouster, Inc. has a 52-week low of $3.27 and a 52-week high of $11.40.

Ouster (NYSE:OUST) last posted its earnings results on Tuesday, March 26th. The company reported ($0.95) earnings per share for the quarter. The company had revenue of $24.44 million for the quarter. Ouster had a negative return on equity of 106.16% and a negative net margin of 449.23%. Sell-side analysts expect that Ouster, Inc. will post -3.54 earnings per share for the current year.

Insiders Place Their Bets

In other Ouster news, CFO Mark Weinswig sold 19,990 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total transaction of $186,906.50. Following the completion of the sale, the chief financial officer now owns 236,800 shares in the company, valued at $2,214,080. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, General Counsel Megan Chung sold 5,776 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $7.96, for a total transaction of $45,976.96. Following the transaction, the general counsel now directly owns 163,966 shares of the company’s stock, valued at $1,305,169.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Weinswig sold 19,990 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total value of $186,906.50. Following the transaction, the chief financial officer now directly owns 236,800 shares in the company, valued at $2,214,080. The disclosure for this sale can be found here. Insiders sold a total of 36,986 shares of company stock worth $290,359 over the last 90 days. Company insiders own 6.00% of the company’s stock.

Ouster Company 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.