Nuveen Asset Management LLC Has $1.50 Million Stock Position in Ouster, Inc. (NYSE:OUST)

Nuveen Asset Management LLC reduced its position in Ouster, Inc. (NYSE:OUST) by 68.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 123,015 shares of the company’s stock after selling 265,170 shares during the period. Nuveen Asset Management LLC owned 0.25% of Ouster worth $1,503,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in OUST. Daiwa Securities Group Inc. lifted its holdings 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 valued at $85,000 after purchasing an additional 1,063 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of 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 purchasing an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Ouster in the 4th quarter valued at $154,000. SVB Wealth LLC bought a new position in shares of Ouster in the 4th quarter valued at $163,000. Finally, Price T Rowe Associates Inc. MD raised its position in 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 purchasing an additional 4,839 shares during the last quarter. 31.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Megan Chung sold 5,800 shares of the firm’s 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 sale, the general counsel now directly owns 220,762 shares in the company, valued at $2,481,364.88. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 9,099 shares of company stock valued at $90,460. Insiders own 7.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group set a $16.00 price objective on Ouster in a research report on Thursday, March 27th. Oppenheimer assumed coverage on Ouster in a research note on Thursday, March 27th. They set an “outperform” rating and a $16.00 price target for the company. Westpark Capital raised shares of Ouster from a “hold” rating to a “buy” rating and set a $13.68 target price on the stock in a research report on Friday, May 9th. Cantor Fitzgerald lifted their target price on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Friday, March 21st. Six research 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 currently has a consensus rating of “Buy” and a consensus target price of $14.10.

Ouster Price Performance

Shares of OUST stock opened at $13.38 on Wednesday. The company’s fifty day simple moving average is $8.93 and its two-hundred day simple moving average is $9.69. The stock has a market capitalization of $719.39 million, a price-to-earnings ratio of -5.21 and a beta of 2.47. Ouster, Inc. has a 1 year low of $5.84 and a 1 year high of $16.88.

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.