D. E. Shaw & Co. Inc. Sells 560,953 Shares of Ouster, Inc. (NYSE:OUST)

D. E. Shaw & Co. Inc. lessened its position in shares of Ouster, Inc. (NYSE:OUST) by 30.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,264,443 shares of the company’s stock after selling 560,953 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Ouster were worth $15,451,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in OUST. Daiwa Securities Group Inc. lifted its position in Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after purchasing an additional 1,063 shares during the period. AlphaQuest LLC boosted its stake in Ouster by 916.0% in the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after acquiring an additional 7,456 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in Ouster during the 4th quarter worth $154,000. SVB Wealth LLC bought a new stake in shares of Ouster during the 4th quarter valued at $163,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Ouster by 35.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,645 shares of the company’s stock valued at $228,000 after purchasing an additional 4,839 shares during the period. Institutional investors own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Cantor Fitzgerald upped their price objective on Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 price target on shares of Ouster in a research note on Friday, March 21st. Oppenheimer initiated coverage on shares of Ouster in a research note on Thursday, March 27th. They set an “outperform” rating and a $16.00 price objective on the stock. Westpark Capital raised shares of Ouster from a “hold” rating to a “buy” rating and set a $13.68 target price for the company in a research note on Friday. Finally, UBS Group set a $16.00 price target on shares of Ouster in a research report on Thursday, March 27th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $14.10.

Ouster Stock Performance

NYSE OUST opened at $11.47 on Tuesday. The stock has a market cap of $616.70 million, a price-to-earnings ratio of -4.46 and a beta of 2.25. The business has a 50 day simple moving average of $8.17 and a 200 day simple moving average of $9.33. Ouster, Inc. has a 52-week low of $5.84 and a 52-week high of $16.88.

Insider Activity

In other news, General Counsel Megan Chung sold 5,800 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total transaction of $65,192.00. Following the completion of the transaction, the general counsel now directly owns 220,762 shares of the company’s stock, valued at $2,481,364.88. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 9,099 shares of company stock worth $90,460 over the last quarter. 7.81% of the stock is currently owned by company insiders.

Ouster 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.