DnB Asset Management AS Sells 143,306 Shares of Ouster, Inc. (NYSE:OUST)

DnB Asset Management AS lessened its holdings in shares of Ouster, Inc. (NYSE:OUSTGet Rating) by 53.1% in the second quarter, Holdings Channel.com reports. The firm owned 126,388 shares of the company’s stock after selling 143,306 shares during the period. DnB Asset Management AS’s holdings in Ouster were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of OUST. Penn Capital Management Company LLC bought a new position in shares of Ouster in the first quarter valued at approximately $5,625,000. New York State Common Retirement Fund boosted its position in shares of Ouster by 2,074.6% in the first quarter. New York State Common Retirement Fund now owns 1,633,730 shares of the company’s stock valued at $7,352,000 after acquiring an additional 1,558,603 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of Ouster by 45.5% in the first quarter. Frontier Capital Management Co. LLC now owns 1,204,348 shares of the company’s stock valued at $5,420,000 after acquiring an additional 376,455 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Ouster in the first quarter valued at approximately $1,104,000. Finally, Panagora Asset Management Inc. bought a new position in shares of Ouster in the first quarter valued at approximately $1,028,000. 32.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OUST has been the subject of a number of analyst reports. Barclays lowered shares of Ouster from an “overweight” rating to an “equal weight” rating and set a $2.00 price objective for the company. in a research report on Monday, July 25th. Craig Hallum lowered their target price on shares of Ouster to $3.00 in a research note on Tuesday, August 9th.

Insiders Place Their Bets

In other Ouster news, insider Nathan Dickerman sold 26,629 shares of Ouster stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $1.37, for a total transaction of $36,481.73. Following the transaction, the insider now directly owns 964,719 shares of the company’s stock, valued at $1,321,665.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 40,914 shares of company stock valued at $55,267. 10.70% of the stock is currently owned by corporate insiders.

Ouster Trading Up 3.5 %

Shares of OUST opened at $1.02 on Friday. The firm’s 50 day simple moving average is $1.58 and its 200 day simple moving average is $2.43. The company has a market capitalization of $185.35 million, a P/E ratio of -1.70 and a beta of 1.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 8.32 and a quick ratio of 7.59. Ouster, Inc. has a 1-year low of $0.91 and a 1-year high of $7.95.

About Ouster

(Get Rating)

Ouster, Inc designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor and DF, a true solid-state flash sensor. The company is based in San Francisco, California.

Further Reading

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Institutional Ownership by Quarter for Ouster (NYSE:OUST)

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