Handelsbanken Fonder AB Increases Stock Position in Ouster, Inc. $OUST

Handelsbanken Fonder AB boosted its holdings in Ouster, Inc. (NYSE:OUST) by 1,419.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,205 shares of the company’s stock after acquiring an additional 289,790 shares during the quarter. Handelsbanken Fonder AB owned 0.54% of Ouster worth $8,385,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake 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 worth $27,000 after purchasing an additional 1,089 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Ouster by 153.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock valued at $29,000 after buying an additional 733 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Ouster by 8,823.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock worth $37,000 after buying an additional 1,500 shares in the last quarter. North Capital Inc. raised its position in Ouster by 102.7% in the 2nd quarter. North Capital Inc. now owns 3,000 shares of the company’s stock worth $73,000 after buying an additional 1,520 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in Ouster in the 2nd quarter worth about $104,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ouster

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

Wall Street Analysts Forecast Growth

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

Ouster Stock Down 3.5%

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

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.