Ouster, Inc. (NYSE:OUST) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Ouster, Inc. (NYSE:OUST) by 24.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,687 shares of the company’s stock after acquiring an additional 68,261 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ouster were worth $4,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Intech Investment Management LLC purchased a new position in shares of Ouster in the third quarter valued at $81,000. Daiwa Securities Group Inc. boosted its position in Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after buying an additional 1,063 shares during the last quarter. AlphaQuest LLC increased its position in shares of Ouster by 916.0% during the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock worth $101,000 after acquiring an additional 7,456 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Ouster in the fourth quarter worth about $163,000. Finally, Centiva Capital LP purchased a new position in Ouster in the third quarter valued at about $167,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OUST shares. Westpark Capital initiated coverage on Ouster in a report on Monday, March 17th. They set a “hold” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 price target on shares of Ouster in a report on Friday, March 21st. Northland Securities assumed 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. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Finally, Oppenheimer assumed coverage on shares of Ouster in a research report on Thursday, March 27th. They set an “outperform” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.71.

Ouster Stock Performance

Ouster stock opened at $8.74 on Wednesday. The company has a market cap of $435.00 million, a P/E ratio of -3.40 and a beta of 2.38. Ouster, Inc. has a 1 year low of $5.84 and a 1 year high of $16.88. The firm’s 50-day moving average is $9.29 and its 200-day moving average is $9.15.

Insider Activity

In related news, General Counsel Megan Chung sold 5,800 shares of Ouster stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the sale, the general counsel now directly owns 220,762 shares in the company, valued at $2,481,364.88. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 9,099 shares of company stock valued at $90,460. 7.81% of the stock is currently owned by insiders.

About Ouster

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.