Geode Capital Management LLC Buys 95,510 Shares of Ouster, Inc. $OUST

Geode Capital Management LLC lifted its stake in Ouster, Inc. (NYSE:OUST) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,190,545 shares of the company’s stock after purchasing an additional 95,510 shares during the quarter. Geode Capital Management LLC owned about 2.21% of Ouster worth $28,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in Ouster by 153.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock worth $29,000 after buying an additional 733 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in shares of Ouster by 400.0% in the second quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company’s stock valued at $73,000 after acquiring an additional 2,400 shares during the period. North Capital Inc. lifted its holdings in shares of Ouster by 102.7% in the 2nd quarter. North Capital Inc. now owns 3,000 shares of the company’s stock worth $73,000 after acquiring an additional 1,520 shares during the last quarter. Quaker Wealth Management LLC bought a new stake in shares of Ouster in the 2nd quarter worth about $79,000. Finally, AlphaQuest LLC boosted its stake in shares of Ouster by 27.8% during the 1st quarter. AlphaQuest LLC now owns 10,566 shares of the company’s stock worth $95,000 after purchasing an additional 2,296 shares during the period. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on OUST. Northland Securities set a $38.00 price objective on shares of Ouster in a research report on Wednesday, November 5th. Cantor Fitzgerald set a $33.00 price target on Ouster in a report on Thursday, November 6th. Westpark Capital restated a “buy” rating and set a $50.00 price objective on shares of Ouster in a report on Wednesday, November 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $39.00 price objective on shares of Ouster in a research report on Wednesday, November 5th. Finally, Zacks Research downgraded Ouster from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $32.17.

Ouster Stock Performance

Shares of NYSE OUST opened at $23.05 on Friday. Ouster, Inc. has a 52-week low of $6.34 and a 52-week high of $41.65. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -8.97 and a beta of 2.74. The stock has a 50 day moving average price of $28.26 and a 200 day moving average price of $24.99.

Insider Buying and Selling at Ouster

In other news, Director Ted L. Tewksbury III sold 1,695 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $25.38, for a total transaction of $43,019.10. Following the transaction, the director owned 125,359 shares in the company, valued at approximately $3,181,611.42. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Charles Angus Pacala sold 37,992 shares of Ouster stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.46, for a total transaction of $1,081,252.32. Following the transaction, the chief executive officer directly owned 1,009,927 shares in the company, valued at approximately $28,742,522.42. The trade was a 3.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 106,310 shares of company stock worth $3,035,305. Insiders own 6.63% of the company’s stock.

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.