Northern Trust Corp Purchases 27,966 Shares of Ouster, Inc. (NYSE:OUST)

Northern Trust Corp grew its position in shares of Ouster, Inc. (NYSE:OUST) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 380,849 shares of the company’s stock after acquiring an additional 27,966 shares during the quarter. Northern Trust Corp owned 0.77% of Ouster worth $4,654,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Daiwa Securities Group Inc. lifted its position in shares of Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after purchasing an additional 1,063 shares in the last quarter. AlphaQuest LLC increased its stake in Ouster by 916.0% in the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after buying an additional 7,456 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in Ouster in the 4th quarter valued at $154,000. SVB Wealth LLC bought a new stake in Ouster during the 4th quarter worth about $163,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Ouster by 35.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,645 shares of the company’s stock worth $228,000 after buying an additional 4,839 shares during the last quarter. 31.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a report on Friday, March 21st. Cantor Fitzgerald increased their price target on Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Oppenheimer initiated coverage on Ouster in a research note on Thursday, March 27th. They issued an “outperform” rating and a $16.00 price target for the company. Westpark Capital upgraded Ouster from a “hold” rating to a “buy” rating and set a $13.68 price objective on the stock in a research note on Friday, May 9th. Finally, UBS Group set a $16.00 price objective on Ouster in a report on Thursday, March 27th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $14.10.

Insiders Place Their Bets

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of Ouster stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following the completion of the transaction, the general counsel now directly owns 220,762 shares of the company’s stock, valued at $2,481,364.88. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 9,099 shares of company stock valued at $90,460 over the last 90 days. 7.81% of the stock is currently owned by insiders.

Ouster Stock Performance

Shares of NYSE:OUST opened at $9.89 on Thursday. Ouster, Inc. has a 52-week low of $5.84 and a 52-week high of $16.88. The company has a market capitalization of $531.75 million, a P/E ratio of -3.85 and a beta of 2.25. The company has a 50-day simple moving average of $8.60 and a 200 day simple moving average of $9.49.

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.