Handelsbanken Fonder AB Has $15.48 Million Stock Position in Ouster, Inc. $OUST

Handelsbanken Fonder AB boosted its holdings in shares of Ouster, Inc. (NASDAQ:OUST) by 130.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 715,646 shares of the company’s stock after acquiring an additional 405,441 shares during the quarter. Handelsbanken Fonder AB owned 1.19% of Ouster worth $15,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in shares of Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares during the period. Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Ouster by 38.1% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after purchasing an additional 800 shares during the period. Van ECK Associates Corp grew its position in Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares in the last quarter. State of Wyoming purchased a new position in Ouster during the second quarter valued at approximately $114,000. Finally, Banque Cantonale Vaudoise acquired a new position in Ouster in the 3rd quarter valued at approximately $120,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Stock Up 3.9%

NASDAQ OUST opened at $30.87 on Thursday. The stock has a market capitalization of $1.94 billion, a PE ratio of -31.82 and a beta of 3.06. Ouster, Inc. has a 12-month low of $9.77 and a 12-month high of $41.65. The company has a 50 day moving average price of $24.09 and a two-hundred day moving average price of $23.26.

Insider Activity at Ouster

In related news, Director Stephen A. Skaggs sold 5,000 shares of Ouster stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the sale, the director owned 61,690 shares of the company’s stock, valued at approximately $1,850,700. The trade was a 7.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mark Frichtl sold 4,316 shares of Ouster stock in a transaction on Friday, May 15th. The shares were sold at an average price of $36.00, for a total transaction of $155,376.00. Following the completion of the sale, the chief technology officer directly owned 628,638 shares of the company’s stock, valued at approximately $22,630,968. The trade was a 0.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 484,159 shares of company stock valued at $13,522,138. Insiders own 5.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OUST. Oppenheimer reiterated an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Weiss Ratings initiated coverage on Ouster in a report on Friday, May 15th. They set a “sell (d-)” rating for the company. Finally, Cantor Fitzgerald downgraded Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ouster presently has a consensus rating of “Hold” and a consensus price target of $40.20.

Ouster 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.