Cwm LLC Has $379,000 Position in Ouster, Inc. $OUST

Cwm LLC grew its position in Ouster, Inc. (NYSE:OUST) by 35.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,647 shares of the company’s stock after purchasing an additional 4,056 shares during the period. Cwm LLC’s holdings in Ouster were worth $379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC grew its stake in Ouster by 610.1% in the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after buying an additional 254,580 shares during the last quarter. Herald Investment Management Ltd bought a new stake in Ouster during the first quarter worth about $1,794,000. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 190,885 shares in the last quarter. Nuveen LLC bought a new position in shares of Ouster in the 1st quarter valued at $1,105,000. Finally, Hussman Strategic Advisors Inc. acquired a new position in Ouster during the first quarter worth about $566,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on OUST shares. Westpark Capital raised shares of Ouster from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Zacks Research downgraded shares of Ouster from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Ouster presently has an average rating of “Moderate Buy” and a consensus price target of $15.95.

Insider Buying and Selling at Ouster

In related news, COO Darien Spencer sold 18,274 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.46, for a total value of $520,078.04. Following the sale, the chief operating officer owned 346,132 shares in the company, valued at approximately $9,850,916.72. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles Angus Pacala sold 37,992 shares of Ouster stock in a transaction on Friday, September 12th. The stock was sold at an average price of $28.46, for a total transaction of $1,081,252.32. Following the transaction, the chief executive officer owned 1,009,927 shares in the company, valued at $28,742,522.42. This represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,615 shares of company stock worth $2,992,286 over the last three months. Company insiders own 6.63% of the company’s stock.

Ouster Stock Up 8.5%

NYSE OUST opened at $35.80 on Friday. The company has a 50-day simple moving average of $30.39 and a two-hundred day simple moving average of $21.90. Ouster, Inc. has a 12-month low of $6.34 and a 12-month high of $41.65. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -13.93 and a beta of 2.72.

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.