Hillsdale Investment Management Inc. Takes $3.04 Million Position in Ouster, Inc. $OUST

Hillsdale Investment Management Inc. bought a new position in Ouster, Inc. (NYSE:OUST) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 112,320 shares of the company’s stock, valued at approximately $3,038,000. Hillsdale Investment Management Inc. owned about 0.19% of Ouster as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in Ouster by 610.1% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ouster by 7.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock valued at $255,000 after acquiring an additional 2,037 shares during the last quarter. CWM LLC boosted its holdings in shares of Ouster by 35.0% during the second quarter. CWM LLC now owns 15,647 shares of the company’s stock worth $379,000 after purchasing an additional 4,056 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of 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 purchasing an additional 733 shares during the last quarter. Finally, Quaker Wealth Management LLC purchased a new position in Ouster during the 2nd quarter valued at about $79,000. 31.45% of the stock is currently owned by institutional investors.

Insider Activity

In other Ouster news, General Counsel Megan Chung sold 5,837 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $27.24, for a total transaction of $158,999.88. Following the completion of the transaction, the general counsel owned 183,141 shares of the company’s stock, valued at approximately $4,988,760.84. This trade represents a 3.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ted L. Tewksbury III sold 1,695 shares of Ouster stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $21.47, for a total transaction of $36,391.65. Following the transaction, the director owned 123,664 shares of the company’s stock, valued at $2,655,066.08. The trade was a 1.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.63% of the stock is owned by company insiders.

Ouster Trading Down 2.4%

OUST opened at $18.62 on Monday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -7.25 and a beta of 2.91. The stock has a fifty day simple moving average of $22.61 and a two-hundred day simple moving average of $26.36. Ouster, Inc. has a 12-month low of $6.34 and a 12-month high of $41.65.

Wall Street Analyst Weigh In

A number of research analysts have commented on OUST shares. Oppenheimer reaffirmed an “outperform” rating on shares of Ouster in a research report on Thursday, December 4th. Westpark Capital restated a “buy” rating and set a $50.00 target price on shares of Ouster in a report on Wednesday, November 5th. Northland Securities set a $38.00 price target on shares of Ouster in a report on Wednesday, November 5th. Finally, Cantor Fitzgerald set a $33.00 price objective on shares of Ouster in a research report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.17.

About Ouster

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.