Invesco Ltd. Has $317,000 Stock Holdings in Ouster, Inc. $OUST

Invesco Ltd. increased its holdings in shares of Ouster, Inc. (NYSE:OUST) by 71.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,249 shares of the company’s stock after buying an additional 14,674 shares during the period. Invesco Ltd. owned about 0.07% of Ouster worth $317,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Herald Investment Management Ltd acquired a new stake in Ouster during the 1st quarter worth approximately $1,794,000. Deutsche Bank AG boosted its position in Ouster by 9.5% during the 1st quarter. Deutsche Bank AG now owns 34,088 shares of the company’s stock worth $306,000 after buying an additional 2,951 shares during the period. Vanguard Group Inc. boosted its position in Ouster by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company’s stock worth $34,354,000 after buying an additional 190,885 shares during the period. Hussman Strategic Advisors Inc. acquired a new stake in Ouster during the 1st quarter worth approximately $566,000. Finally, CWM LLC boosted its position in Ouster by 1,094.9% during the 1st quarter. CWM LLC now owns 11,591 shares of the company’s stock worth $104,000 after buying an additional 10,621 shares during the period. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OUST has been the topic of several recent research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $19.00 target price on shares of Ouster in a research report on Thursday, June 12th. Westpark Capital upgraded shares of Ouster from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Ouster currently has an average rating of “Buy” and a consensus target price of $15.95.

Ouster Stock Performance

Shares of NYSE OUST opened at $27.47 on Friday. The company has a market capitalization of $1.59 billion, a P/E ratio of -10.69 and a beta of 2.75. Ouster, Inc. has a 52-week low of $5.84 and a 52-week high of $36.25. The company’s 50 day moving average price is $26.96 and its 200-day moving average price is $16.48.

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.