AXQ Capital LP Makes New $219,000 Investment in Ouster, Inc. $OUST

AXQ Capital LP purchased a new stake in shares of Ouster, Inc. (NYSE:OUST) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,012 shares of the company’s stock, valued at approximately $219,000.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in shares of Ouster by 153.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock valued at $29,000 after buying an additional 733 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Ouster by 8,823.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock valued at $37,000 after acquiring an additional 1,500 shares during the period. Game Plan Financial Advisors LLC increased its stake in Ouster by 400.0% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company’s stock worth $73,000 after purchasing an additional 2,400 shares during the period. North Capital Inc. lifted its position in Ouster by 102.7% in the second quarter. North Capital Inc. now owns 3,000 shares of the company’s stock valued at $73,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Quaker Wealth Management LLC purchased a new stake in shares of Ouster during the second quarter valued at approximately $79,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Darien Spencer sold 18,274 shares of the company’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 transaction, the chief operating officer owned 346,132 shares in the company, valued at approximately $9,850,916.72. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Megan Chung sold 17,183 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.46, for a total transaction of $489,028.18. Following the completion of the transaction, the general counsel owned 203,036 shares of the company’s stock, valued at approximately $5,778,404.56. The trade was a 7.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 106,310 shares of company stock worth $3,035,305 over the last quarter. 6.63% of the stock is owned by insiders.

Ouster Stock Up 1.9%

Ouster stock opened at $21.78 on Wednesday. Ouster, Inc. has a twelve month low of $6.34 and a twelve month high of $41.65. The company has a market capitalization of $1.31 billion, a P/E ratio of -8.47 and a beta of 2.74. The stock’s 50 day moving average is $28.90 and its 200 day moving average is $24.94.

Analyst Ratings Changes

OUST has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Ouster from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Oppenheimer reiterated an “outperform” rating and issued a $39.00 price target on shares of Ouster in a report on Wednesday, November 5th. Northland Securities set a $38.00 price objective on shares of Ouster in a report on Wednesday, November 5th. Cantor Fitzgerald set a $33.00 target price on shares of Ouster in a research report on Thursday, November 6th. Finally, Westpark Capital reaffirmed a “buy” rating and set a $50.00 target price on shares of Ouster in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $32.17.

Ouster Company 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.