14,125 Shares in Ouster, Inc. (NYSE:OUST) Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. purchased a new stake in shares of Ouster, Inc. (NYSE:OUST – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 14,125 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in Ouster during the 4th quarter valued at $211,000. New York State Common Retirement Fund lifted its position in shares of Ouster by 292.2% during the fourth quarter. New York State Common Retirement Fund now owns 75,127 shares of the company’s stock valued at $391,000 after purchasing an additional 55,974 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in Ouster during the fourth quarter worth about $52,000. Platform Technology Partners bought a new stake in Ouster in the 4th quarter worth about $52,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Ouster in the 4th quarter valued at about $101,000. 21.98% of the stock is owned by hedge funds and other institutional investors.

In other Ouster news, CFO Anna Brunelle sold 11,817 shares of Ouster stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $3.16, for a total transaction of $37,341.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darien Spencer sold 9,442 shares of Ouster stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $3.16, for a total transaction of $29,836.72. The disclosure for this sale can be found here.

Ouster stock opened at $3.50 on Friday. The business’s 50 day simple moving average is $3.78 and its 200 day simple moving average is $4.93. Ouster, Inc. has a 12 month low of $2.85 and a 12 month high of $14.99. The company has a market cap of $604.79 million, a price-to-earnings ratio of -4.17 and a beta of 1.32.

Ouster (NYSE:OUST – Get Rating) last issued its earnings results on Tuesday, February 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $11.85 million during the quarter. Ouster had a negative net margin of 279.89% and a negative return on equity of 38.56%.

Several equities analysts have recently issued reports on the company. Chardan Capital initiated coverage on Ouster in a report on Thursday, March 31st. They issued a “buy” rating and a $7.00 target price for the company. Craig Hallum reduced their price objective on Ouster from $20.00 to $10.00 in a research note on Monday, January 24th. Finally, Citigroup lowered their target price on Ouster from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, February 16th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Ouster currently has an average rating of “Buy” and a consensus target price of $12.80.

Ouster Profile (Get Rating)

Ouster, Inc designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor and DF, a true solid-state flash sensor. The company is based in San Francisco, California.

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