Ergoteles LLC Trims Holdings in Ouster, Inc. (NYSE:OUST)

Ergoteles LLC trimmed its position in Ouster, Inc. (NYSE:OUST – Get Rating) by 38.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,306 shares of the company’s stock after selling 34,524 shares during the quarter. Ergoteles LLC’s holdings in Ouster were worth $53,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OUST. Corient Capital Partners LLC purchased a new stake in Ouster in the 2nd quarter worth approximately $27,000. RFG Advisory LLC grew its holdings in Ouster by 39.7% during the 2nd quarter. RFG Advisory LLC now owns 21,100 shares of the company’s stock valued at $40,000 after buying an additional 6,000 shares in the last quarter. Legal & General Group Plc grew its holdings in Ouster by 111.4% during the 2nd quarter. Legal & General Group Plc now owns 28,963 shares of the company’s stock valued at $47,000 after buying an additional 15,263 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Ouster during the 2nd quarter valued at approximately $49,000. Finally, Game Plan Financial Advisors LLC grew its holdings in Ouster by 24.8% during the 3rd quarter. Game Plan Financial Advisors LLC now owns 75,500 shares of the company’s stock valued at $73,000 after buying an additional 15,000 shares in the last quarter. 28.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ouster

In related news, CFO Anna Brunelle sold 25,700 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $1.21, for a total value of $31,097.00. Following the completion of the sale, the chief financial officer now directly owns 2,323,690 shares in the company, valued at $2,811,664.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Anna Brunelle sold 25,700 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $1.21, for a total value of $31,097.00. Following the completion of the sale, the chief financial officer now directly owns 2,323,690 shares in the company, valued at $2,811,664.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ted L. Tewksbury III sold 326,248 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $1.11, for a total value of $362,135.28. Following the completion of the sale, the director now owns 982,998 shares of the company’s stock, valued at $1,091,127.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 395,444 shares of company stock valued at $445,862. 10.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

OUST has been the subject of a number of research analyst reports. Craig Hallum cut their price objective on shares of Ouster to $2.50 in a report on Tuesday, November 15th. Citigroup lowered shares of Ouster from a “buy” rating to a “neutral” rating and set a $1.70 price objective for the company. in a report on Wednesday, December 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ouster currently has an average rating of “Moderate Buy” and an average target price of $3.59.

Ouster Trading Up 4.0 %

OUST stock opened at $1.05 on Thursday. The firm has a fifty day moving average price of $1.25 and a 200 day moving average price of $1.18. Ouster, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.89 and a current ratio of 6.70. The firm has a market cap of $193.76 million, a PE ratio of -1.46 and a beta of 2.56.

Ouster Profile

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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.