Patten Group Inc. Buys New Position in Ouster, Inc. $OUST

Patten Group Inc. bought a new stake in Ouster, Inc. (NASDAQ:OUSTFree Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 11,528 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC grew its holdings in shares of Ouster by 2,532.6% in the second 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 in the last quarter. Larson Financial Group LLC boosted its position in Ouster by 118.8% in the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after buying an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd boosted its position in Ouster by 38.1% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after buying an additional 800 shares during the period. SHP Wealth Management acquired a new position in shares of Ouster in the fourth quarter worth $96,000. Finally, Van ECK Associates Corp increased its position in shares of Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after acquiring an additional 525 shares during the period. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OUST has been the subject of a number of recent research reports. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Roth Mkm initiated coverage on Ouster in a research report on Friday, May 29th. They set a “buy” rating and a $75.00 price objective for the company. Weiss Ratings assumed coverage on shares of Ouster in a research note on Friday, May 15th. They set a “sell (d-)” rating on the stock. Finally, Rosenblatt Securities raised their target price on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ouster currently has an average rating of “Hold” and a consensus target price of $48.17.

Check Out Our Latest Analysis on Ouster

Ouster Price Performance

NASDAQ:OUST opened at $49.84 on Friday. Ouster, Inc. has a 12 month low of $16.40 and a 12 month high of $63.79. The firm has a market capitalization of $3.13 billion, a PE ratio of -51.38 and a beta of 3.17. The business’s fifty day moving average price is $38.72 and its 200 day moving average price is $27.80.

Ouster (NASDAQ:OUSTGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). The business had revenue of $48.58 million for the quarter, compared to analysts’ expectations of $46.15 million. Ouster had a negative return on equity of 21.49% and a negative net margin of 30.12%.During the same period last year, the firm earned ($0.42) earnings per share. As a group, equities analysts anticipate that Ouster, Inc. will post -1.05 EPS for the current year.

Insider Activity

In related news, CEO Charles Angus Pacala sold 29,797 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $38.82, for a total value of $1,156,719.54. Following the completion of the transaction, the chief executive officer directly owned 1,072,201 shares of the company’s stock, valued at $41,622,842.82. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Mark Frichtl sold 308,742 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $41.53, for a total transaction of $12,822,055.26. Following the completion of the transaction, the chief technology officer owned 294,924 shares in the company, valued at $12,248,193.72. This represents a 51.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 910,591 shares of company stock valued at $32,578,780 over the last 90 days. Insiders own 5.72% of the company’s stock.

Key Ouster News

Here are the key news stories impacting Ouster this week:

Ouster Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ouster (NASDAQ:OUST)

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