Osaic Holdings Inc. Increases Stock Position in Ouster, Inc. $OUST

Osaic Holdings Inc. grew its position in shares of Ouster, Inc. (NYSE:OUST) by 3,452.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,893 shares of the company’s stock after purchasing an additional 118,462 shares during the period. Osaic Holdings Inc. owned approximately 0.21% of Ouster worth $2,956,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in shares of Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after buying an additional 1,089 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Ouster by 153.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock worth $29,000 after acquiring an additional 733 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Ouster by 8,823.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock worth $37,000 after acquiring an additional 1,500 shares in the last quarter. Game Plan Financial Advisors LLC boosted its position in shares of Ouster by 400.0% during the 2nd 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 last quarter. Finally, North Capital Inc. grew its holdings in shares of 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 in the last quarter. 31.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

OUST has been the topic of a number of recent research reports. Zacks Research downgraded shares of Ouster from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Cantor Fitzgerald set a $33.00 target price on shares of Ouster in a research report on Thursday, November 6th. Oppenheimer reiterated an “outperform” rating on shares of Ouster in a research report on Thursday, December 4th. Northland Securities set a $38.00 price objective on Ouster in a research note on Wednesday, November 5th. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Ouster in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Ouster has an average rating of “Moderate Buy” and a consensus price target of $32.17.

Ouster Trading Down 1.7%

Shares of NYSE:OUST opened at $21.97 on Friday. Ouster, Inc. has a 12 month low of $6.34 and a 12 month high of $41.65. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -8.55 and a beta of 2.99. The firm’s 50-day moving average is $25.31 and its 200 day moving average is $26.58.

Insider Buying and Selling

In other news, General Counsel Megan Chung sold 5,837 shares of the stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $31.02, for a total value of $181,063.74. Following the sale, the general counsel directly owned 197,199 shares in the company, valued at approximately $6,117,112.98. This represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ted L. Tewksbury III sold 1,695 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $21.47, for a total value of $36,391.65. Following the transaction, the director owned 123,664 shares of the company’s stock, valued at approximately $2,655,066.08. The trade was a 1.35% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 9,227 shares of company stock worth $260,474. Insiders own 6.63% of the company’s stock.

Ouster Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.