Penn Capital Management Company LLC Acquires 150,337 Shares of Ouster, Inc. $OUST

Penn Capital Management Company LLC raised its position in Ouster, Inc. (NASDAQ:OUST) by 24.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 775,297 shares of the company’s stock after purchasing an additional 150,337 shares during the period. Ouster accounts for 1.3% of Penn Capital Management Company LLC’s investment portfolio, making the stock its 21st biggest position. Penn Capital Management Company LLC owned about 1.29% of Ouster worth $16,817,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OUST. NewEdge Advisors LLC boosted its holdings in Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares during the period. Larson Financial Group LLC boosted its holdings in Ouster by 118.8% in the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after purchasing an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd boosted its holdings in Ouster by 38.1% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after purchasing an additional 800 shares during the period. Van ECK Associates Corp boosted its holdings in Ouster by 17.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in Ouster by 139.9% in the 4th quarter. Global Retirement Partners LLC now owns 4,622 shares of the company’s stock valued at $100,000 after purchasing an additional 2,695 shares during the period. 31.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on OUST shares. Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings started coverage on shares of Ouster in a report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Oppenheimer reissued an “outperform” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ouster presently has an average rating of “Hold” and a consensus price target of $40.20.

Insider Activity at Ouster

In other news, Director Stephen A. Skaggs sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. Following the sale, the director owned 61,690 shares in the company, valued at approximately $1,850,700. This trade represents a 7.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Cyrille Jacquemet sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $35.00, for a total transaction of $350,000.00. Following the sale, the executive owned 132,590 shares in the company, valued at approximately $4,640,650. This trade represents a 7.01% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 503,475 shares of company stock worth $14,196,335. Corporate insiders own 5.72% of the company’s stock.

Ouster Stock Performance

Ouster stock opened at $42.70 on Wednesday. The firm’s fifty day moving average price is $25.30 and its 200-day moving average price is $23.50. The stock has a market cap of $2.68 billion, a P/E ratio of -44.02 and a beta of 3.06. Ouster, Inc. has a fifty-two week low of $10.36 and a fifty-two week high of $45.42.

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.