WINTON GROUP Ltd Invests $1 Million in Ouster, Inc. $OUST

WINTON GROUP Ltd bought a new position in Ouster, Inc. (NASDAQ:OUST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 46,200 shares of the company’s stock, valued at approximately $1,000,000. WINTON GROUP Ltd owned approximately 0.08% of Ouster at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Ouster by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock worth $127,683,000 after acquiring an additional 478,372 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ouster by 9.1% in the 4th quarter. Geode Capital Management LLC now owns 1,421,130 shares of the company’s stock worth $30,758,000 after acquiring an additional 118,132 shares in the last quarter. Penn Capital Management Company LLC boosted its holdings in shares of Ouster by 24.1% in the 4th quarter. Penn Capital Management Company LLC now owns 775,297 shares of the company’s stock worth $16,817,000 after acquiring an additional 150,337 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Ouster by 130.7% in the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after acquiring an additional 405,441 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after acquiring an additional 536,413 shares in the last quarter. 31.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Roth Mkm assumed coverage on Ouster in a report on Friday, May 29th. They issued a “buy” rating and a $75.00 target price on the stock. Cantor Fitzgerald downgraded Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Oppenheimer reissued an “outperform” rating and issued a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities boosted their target price on Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings initiated coverage on shares of Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $48.17.

Insider Buying and Selling

In related news, COO Darien Spencer sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $45.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief operating officer owned 342,366 shares in the company, valued at $15,406,470. The trade was a 8.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Charles Angus Pacala sold 24,657 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total transaction of $577,713.51. Following the completion of the transaction, the chief executive officer owned 960,660 shares of the company’s stock, valued at $22,508,263.80. This trade represents a 2.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 927,334 shares of company stock worth $31,530,882 in the last quarter. Insiders own 5.72% of the company’s stock.

Ouster Price Performance

OUST stock opened at $38.52 on Wednesday. The company has a 50 day moving average price of $29.91 and a 200 day moving average price of $24.92. Ouster, Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $49.39. The stock has a market capitalization of $2.42 billion, a PE ratio of -39.71 and a beta of 3.24.

About Ouster

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.