22,430 Shares in Ouster, Inc. $OUST Bought by Cresset Asset Management LLC

Cresset Asset Management LLC bought a new position in shares of Ouster, Inc. (NYSE:OUST) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 22,430 shares of the company’s stock, valued at approximately $607,000.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake 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 purchasing an additional 1,089 shares during the period. TD Waterhouse Canada Inc. lifted its position 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 purchasing an additional 1,500 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Ouster during the 2nd quarter valued at approximately $104,000. MAI Capital Management bought a new stake in Ouster during the 3rd quarter valued at approximately $122,000. Finally, State of Wyoming acquired a new stake in Ouster in the 2nd quarter valued at approximately $114,000. 31.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on OUST shares. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Ouster presently has an average rating of “Moderate Buy” and an average price target of $36.17.

Ouster Stock Performance

Shares of OUST opened at $24.75 on Thursday. The company has a 50-day simple moving average of $22.27 and a 200-day simple moving average of $25.53. 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 $1.49 billion, a P/E ratio of -9.63 and a beta of 2.91.

Insider Buying and Selling at Ouster

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

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.