Russell Investments Group Ltd. Buys 35,521 Shares of Ouster, Inc. (NYSE:OUST)

Russell Investments Group Ltd. increased its stake in shares of Ouster, Inc. (NYSE:OUST) by 67.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,318 shares of the company’s stock after buying an additional 35,521 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of Ouster worth $1,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of OUST. Daiwa Securities Group Inc. grew its stake in Ouster by 18.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after buying an additional 1,063 shares during the last quarter. AlphaQuest LLC increased its holdings in Ouster by 916.0% during the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after purchasing an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in Ouster in the 4th quarter valued at $154,000. SVB Wealth LLC acquired a new position in Ouster in the fourth quarter worth $163,000. Finally, SG Americas Securities LLC grew its holdings in shares of Ouster by 19.9% during the fourth quarter. SG Americas Securities LLC now owns 19,652 shares of the company’s stock worth $240,000 after purchasing an additional 3,261 shares during the last quarter. Institutional investors own 31.45% of the company’s stock.

Ouster Price Performance

Shares of OUST stock opened at $6.74 on Tuesday. The stock has a market cap of $335.46 million, a PE ratio of -2.62 and a beta of 2.23. The stock has a 50-day moving average of $8.37 and a 200-day moving average of $9.24. Ouster, Inc. has a one year low of $5.84 and a one year high of $16.88.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OUST. UBS Group set a $16.00 price target on Ouster in a report on Thursday, March 27th. Westpark Capital began coverage on shares of Ouster in a research report on Monday, March 17th. They set a “hold” rating on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price target on shares of Ouster in a report on Friday, March 21st. Oppenheimer started coverage on Ouster in a research report on Thursday, March 27th. They issued an “outperform” rating and a $16.00 price objective on the stock. Finally, Cantor Fitzgerald boosted their target price on Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $14.57.

Insider Buying and Selling at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total value of $65,192.00. Following the completion of the sale, the general counsel now directly owns 220,762 shares in the company, valued at $2,481,364.88. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 9,099 shares of company stock valued at $90,460. Corporate insiders own 7.81% of the company’s stock.

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.