Ouster, Inc. (NYSE:OUST) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in Ouster, Inc. (NYSE:OUST) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 975,407 shares of the company’s stock after purchasing an additional 62,202 shares during the quarter. Geode Capital Management LLC owned 2.02% of Ouster worth $6,146,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ouster in the second quarter worth approximately $27,000. Van ECK Associates Corp lifted its holdings in shares of Ouster by 28.4% in the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after buying an additional 1,608 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in shares of Ouster in the third quarter valued at $67,000. True North Advisors LLC acquired a new position in Ouster during the third quarter worth about $78,000. Finally, Intech Investment Management LLC bought a new stake in Ouster in the third quarter worth about $81,000. 31.45% of the stock is owned by institutional investors and hedge funds.

Ouster Stock Performance

NYSE OUST opened at $14.64 on Friday. Ouster, Inc. has a twelve month low of $4.65 and a twelve month high of $16.88. The stock has a market cap of $728.65 million, a price-to-earnings ratio of -5.70 and a beta of 2.50. The firm’s 50 day moving average price is $9.78 and its two-hundred day moving average price is $9.30.

Insider Activity

In other Ouster news, CFO Mark Weinswig sold 31,397 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total value of $273,781.84. Following the completion of the sale, the chief financial officer now owns 198,650 shares in the company, valued at $1,732,228. This represents a 13.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Angus Pacala purchased 50,954 shares of the stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $9.79 per share, for a total transaction of $498,839.66. Following the completion of the acquisition, the chief executive officer now owns 769,957 shares in the company, valued at $7,537,879.03. This represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 80,415 shares of company stock worth $748,620. 7.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OUST. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research note on Friday, November 8th. Northland Securities assumed coverage on shares of Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target on the stock. Northland Capmk raised Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $12.00 to $10.00 in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ouster currently has a consensus rating of “Buy” and a consensus price target of $13.17.

About Ouster

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.