SBI Securities Co. Ltd. Purchases New Shares in Ouster, Inc. (NYSE:OUST)

SBI Securities Co. Ltd. purchased a new stake in shares of Ouster, Inc. (NYSE:OUST) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 48,551 shares of the company’s stock, valued at approximately $593,000.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Ouster by 28.4% during the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after purchasing an additional 1,608 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Ouster during the 3rd quarter valued at $67,000. Intech Investment Management LLC acquired a new stake in Ouster during the 3rd quarter valued at $81,000. SVB Wealth LLC acquired a new position in Ouster during the 4th quarter worth $163,000. Finally, SG Americas Securities LLC grew its holdings in Ouster by 19.9% during the 4th quarter. SG Americas Securities LLC now owns 19,652 shares of the company’s stock worth $240,000 after acquiring an additional 3,261 shares in the last quarter. 31.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OUST. Northland Securities began coverage on shares of Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective for the company. Rosenblatt Securities reissued a “buy” rating and set a $17.00 price objective on shares of Ouster in a report on Friday, November 8th. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $12.00 to $10.00 in a report on Monday, November 11th. Finally, Northland Capmk raised shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $13.17.

Insider Transactions at Ouster

In other Ouster news, CEO Charles Angus Pacala purchased 50,954 shares of Ouster stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $9.79 per share, for a total transaction of $498,839.66. Following the transaction, the chief executive officer now owns 769,957 shares in the company, valued at $7,537,879.03. This represents a 7.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Megan Chung sold 13,671 shares of Ouster stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.69, for a total transaction of $132,471.99. Following the completion of the sale, the general counsel now owns 149,647 shares in the company, valued at approximately $1,450,079.43. This represents a 8.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,500 shares of company stock worth $469,814. 7.81% of the stock is currently owned by insiders.

Ouster Stock Performance

Ouster stock opened at $7.77 on Wednesday. The firm’s 50-day moving average is $10.64 and its 200-day moving average is $8.88. Ouster, Inc. has a 1 year low of $4.65 and a 1 year high of $16.88. The company has a market cap of $386.72 million, a P/E ratio of -3.02 and a beta of 2.36.

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.