Handelsbanken Fonder AB Acquires 289,790 Shares of Ouster, Inc. $OUST

Handelsbanken Fonder AB increased its holdings in shares of Ouster, Inc. (NYSE:OUST) by 1,419.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 310,205 shares of the company’s stock after acquiring an additional 289,790 shares during the period. Handelsbanken Fonder AB’s holdings in Ouster were worth $8,385,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Ouster by 610.1% in the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock worth $2,661,000 after purchasing an additional 254,580 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ouster by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock worth $255,000 after buying an additional 2,037 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Ouster by 153.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock worth $29,000 after buying an additional 733 shares in the last quarter. Black Swift Group LLC bought a new position in shares of Ouster during the second quarter worth $485,000. Finally, North Capital Inc. grew its stake in Ouster by 102.7% during the second quarter. North Capital Inc. now owns 3,000 shares of the company’s stock valued at $73,000 after acquiring an additional 1,520 shares in the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Ouster Stock Down 3.5%

Ouster stock opened at $18.95 on Monday. The company’s 50-day moving average price is $22.33 and its 200-day moving average price is $26.05. The company has a market cap of $1.14 billion, a PE ratio of -7.37 and a beta of 2.91. Ouster, Inc. has a twelve month low of $6.34 and a twelve month high of $41.65.

Analyst Ratings Changes

OUST has been the topic of a number of research reports. Cantor Fitzgerald set a $33.00 price target on shares of Ouster in a report on Thursday, November 6th. Oppenheimer reaffirmed an “outperform” rating on shares of Ouster in a report on Thursday, December 4th. Northland Securities set a $38.00 target price on Ouster in a research report on Wednesday, November 5th. Finally, Westpark Capital restated a “buy” rating and set a $50.00 price target on shares of Ouster in a report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.17.

Insider Activity at Ouster

In other Ouster news, Director Ted L. Tewksbury III sold 1,695 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $21.47, for a total transaction of $36,391.65. Following the sale, the director directly owned 123,664 shares of the company’s stock, valued at $2,655,066.08. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Megan Chung sold 5,837 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $27.24, for a total value of $158,999.88. Following the completion of the sale, the general counsel directly owned 183,141 shares of the company’s stock, valued at $4,988,760.84. The trade was a 3.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 6.63% of the company’s stock.

Ouster Company 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.