California State Teachers Retirement System Has $1.46 Million Position in Ouster, Inc. $OUST

California State Teachers Retirement System raised its stake in Ouster, Inc. (NASDAQ:OUST) by 50.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,401 shares of the company’s stock after acquiring an additional 26,574 shares during the period. California State Teachers Retirement System’s holdings in Ouster were worth $1,459,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew 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 worth $2,661,000 after acquiring an additional 254,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ouster by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock worth $255,000 after buying an additional 2,037 shares in the last quarter. Legal & General Group Plc grew its holdings in Ouster by 138.2% during the 2nd quarter. Legal & General Group Plc now owns 9,990 shares of the company’s stock worth $242,000 after acquiring an additional 5,796 shares during the last quarter. American Century Companies Inc. increased its position in Ouster by 22.0% in the 2nd quarter. American Century Companies Inc. now owns 63,298 shares of the company’s stock valued at $1,535,000 after acquiring an additional 11,416 shares in the last quarter. Finally, Invesco Ltd. increased its position in Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after acquiring an additional 536,413 shares in the last quarter. 31.45% of the stock is owned by institutional investors.

Ouster Stock Down 2.1%

Shares of OUST stock opened at $45.13 on Friday. Ouster, Inc. has a 12-month low of $16.40 and a 12-month high of $63.79. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -52.48 and a beta of 3.24. The firm has a fifty day moving average of $42.73 and a 200-day moving average of $31.22.

Ouster (NASDAQ:OUST) last posted its earnings results on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). Ouster had a negative return on equity of 17.49% and a negative net margin of 26.02%.The business had revenue of $54.63 million for the quarter, compared to the consensus estimate of $51.47 million. Research analysts expect that Ouster, Inc. will post -1.08 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings initiated coverage on shares of Ouster in a research note on Friday, May 15th. They set a “sell (d-)” rating on the stock. Citigroup restated an “outperform” rating on shares of Ouster in a research report on Tuesday, July 21st. Northland Securities set a $60.00 price objective on Ouster and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $53.00 price objective on shares of Ouster in a research report on Friday, August 7th. Finally, Oppenheimer reissued an “outperform” rating and issued a $57.00 target price (up from $42.00) on shares of Ouster in a research note on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.67.

Insider Buying and Selling

In other news, COO Darien Spencer sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the sale, the chief operating officer owned 299,806 shares in the company, valued at $13,491,270. This represents a 9.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Charles Angus Pacala sold 29,797 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $38.82, for a total transaction of $1,156,719.54. Following the sale, the chief executive officer directly owned 1,072,201 shares in the company, valued at $41,622,842.82. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 554,004 shares of company stock valued at $22,582,192 over the last ninety days. Insiders own 5.72% of the company’s stock.

Ouster Company 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.