Voya Investment Management LLC Sells 569 Shares of Ouster, Inc. $OUST

Voya Investment Management LLC decreased its position in Ouster, Inc. (NYSE:OUST) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,903 shares of the company’s stock after selling 569 shares during the quarter. Voya Investment Management LLC’s holdings in Ouster were worth $116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in OUST. Byrne Asset Management LLC bought a new stake in Ouster in the 1st quarter worth approximately $39,000. FNY Investment Advisers LLC bought a new stake in Ouster in the 1st quarter worth approximately $49,000. AlphaQuest LLC increased its stake in Ouster by 27.8% in the 1st quarter. AlphaQuest LLC now owns 10,566 shares of the company’s stock worth $95,000 after acquiring an additional 2,296 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Ouster in the 1st quarter worth approximately $97,000. Finally, CWM LLC increased its position in shares of Ouster by 1,094.9% during the 1st quarter. CWM LLC now owns 11,591 shares of the company’s stock valued at $104,000 after purchasing an additional 10,621 shares during the last quarter. Institutional investors own 31.45% of the company’s stock.

Insiders Place Their Bets

In related news, COO Darien Spencer sold 18,274 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $28.46, for a total transaction of $520,078.04. Following the completion of the transaction, the chief operating officer owned 346,132 shares in the company, valued at $9,850,916.72. The trade was a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Angus Pacala sold 37,992 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $28.46, for a total value of $1,081,252.32. Following the completion of the sale, the chief executive officer owned 1,009,927 shares of the company’s stock, valued at $28,742,522.42. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,778 shares of company stock worth $2,811,222 in the last 90 days. 6.63% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OUST shares. Westpark Capital raised Ouster from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Cantor Fitzgerald reissued a “neutral” rating and set a $19.00 target price on shares of Ouster in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Ouster presently has an average rating of “Buy” and an average price target of $15.95.

Ouster Stock Up 1.3%

OUST opened at $27.41 on Thursday. The business has a fifty day moving average of $28.65 and a 200 day moving average of $19.14. Ouster, Inc. has a 52-week low of $5.94 and a 52-week high of $36.25. The stock has a market cap of $1.58 billion, a P/E ratio of -10.67 and a beta of 2.75.

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.