Ouster, Inc. $OUST Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in Ouster, Inc. (NASDAQ:OUST) by 949.9% in the third quarter, Holdings Channel reports. The fund owned 64,587 shares of the company’s stock after purchasing an additional 58,435 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Ouster were worth $2,642,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership purchased a new position in Ouster during the 1st quarter valued at about $8,915,000. Dimensional Fund Advisors LP raised its holdings in shares of Ouster by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 483,871 shares of the company’s stock valued at $8,889,000 after purchasing an additional 32,440 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Ouster in the 2nd quarter worth approximately $25,218,000. Bastion Asset Management Inc. purchased a new stake in shares of Ouster in the 1st quarter worth approximately $5,271,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Ouster in the 2nd quarter worth approximately $15,384,000. 31.45% of the stock is currently owned by institutional investors.

Ouster Stock Up 2.7%

Shares of OUST opened at $29.65 on Wednesday. The company has a 50 day moving average of $37.89 and a two-hundred day moving average of $37.06. Ouster, Inc. has a twelve month low of $16.40 and a twelve month high of $63.79. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -34.48 and a beta of 3.23.

Ouster (NASDAQ:OUST) last issued its quarterly 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). The business had revenue of $54.63 million for the quarter, compared to analyst estimates of $51.47 million. Ouster had a negative return on equity of 17.49% and a negative net margin of 26.02%. On average, sell-side analysts expect that Ouster, Inc. will post -1.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Northland Securities set a $60.00 price objective on shares of Ouster and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Rosenblatt Securities reissued a “buy” rating and issued a $53.00 price objective on shares of Ouster in a research note on Thursday, August 27th. Citigroup restated an “outperform” rating on shares of Ouster in a report on Tuesday, July 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Ouster in a report on Wednesday, August 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $57.00 target price (up from $42.00) on shares of Ouster in a research report on Wednesday, July 15th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.67.

Insider Transactions at Ouster

In related news, CRO Cyrille Jacquemet sold 8,896 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $33.96, for a total transaction of $302,108.16. Following the transaction, the executive directly owned 105,538 shares in the company, valued at $3,584,070.48. The trade was a 7.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Pacala sold 30,385 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $33.96, for a total value of $1,031,874.60. Following the transaction, the chief executive officer directly owned 1,041,816 shares in the company, valued at $35,380,071.36. This represents a 2.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 173,037 shares of company stock worth $6,720,238. 5.72% of the stock is currently owned by corporate insiders.

Ouster Profile

Ouster, Inc is a technology company that develops and manufactures digital lidar sensors and related software. Its lidar systems use laser light to detect and measure surrounding objects, supporting applications that require real-time perception, mapping, and automation.

The company’s products are designed for customers in the automotive, industrial automation, robotics, infrastructure, mapping, security, and smart-city markets. Ouster provides lidar sensors for uses such as autonomous and assisted driving, warehouse and industrial operations, traffic monitoring, asset inspection, and other machine-perception applications.