EntryPoint Capital LLC Buys 4,774 Shares of Ouster, Inc. (NYSE:OUST)

EntryPoint Capital LLC boosted its position in shares of Ouster, Inc. (NYSE:OUST) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,678 shares of the company’s stock after buying an additional 4,774 shares during the quarter. EntryPoint Capital LLC owned 0.10% of Ouster worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in Ouster in the 3rd quarter worth about $81,000. Daiwa Securities Group Inc. grew its stake in Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after purchasing an additional 1,063 shares in the last quarter. AlphaQuest LLC increased its holdings in Ouster by 916.0% during the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock worth $101,000 after purchasing an additional 7,456 shares during the period. SVB Wealth LLC bought a new stake in Ouster during the 4th quarter valued at $163,000. Finally, Centiva Capital LP purchased a new stake in shares of Ouster in the 3rd quarter worth $167,000. Institutional investors own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

OUST has been the topic of several research reports. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Northland Securities initiated coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective for the company. Westpark Capital assumed coverage on Ouster in a research report on Monday, March 17th. They issued a “hold” rating for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Ouster in a report on Friday. Finally, Cantor Fitzgerald raised their price target on shares of Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Ouster Stock Performance

Ouster stock opened at $11.24 on Tuesday. The stock has a market cap of $559.43 million, a PE ratio of -4.37 and a beta of 2.38. The stock has a 50-day moving average of $9.41 and a two-hundred day moving average of $8.99. Ouster, Inc. has a one year low of $4.92 and a one year high of $16.88.

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.