Bison Wealth LLC Purchases Shares of 10,252 Ouster, Inc. (NYSE:OUST)

Bison Wealth LLC purchased a new stake in shares of Ouster, Inc. (NYSE:OUST) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,252 shares of the company’s stock, valued at approximately $79,000.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Ouster in the first quarter worth $82,000. HighTower Advisors LLC increased its stake in shares of Ouster by 8.4% in the first quarter. HighTower Advisors LLC now owns 58,470 shares of the company’s stock worth $265,000 after acquiring an additional 4,521 shares during the period. Panagora Asset Management Inc. acquired a new stake in shares of Ouster in the first quarter worth $1,028,000. Rhumbline Advisers increased its stake in shares of Ouster by 4.9% in the first quarter. Rhumbline Advisers now owns 135,490 shares of the company’s stock worth $610,000 after acquiring an additional 6,307 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Ouster in the first quarter worth $426,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Stock Performance

OUST opened at $7.08 on Thursday. The company has a quick ratio of 2.94, a current ratio of 3.22 and a debt-to-equity ratio of 0.24. The company has a market cap of $287.95 million, a price-to-earnings ratio of -0.64 and a beta of 2.55. Ouster, Inc. has a 52-week low of $3.21 and a 52-week high of $11.40. The firm’s fifty day simple moving average is $6.35 and its two-hundred day simple moving average is $5.82.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OUST. Chardan Capital reiterated a “neutral” rating and issued a $10.00 price objective on shares of Ouster in a research note on Wednesday, April 3rd. Cantor Fitzgerald restated an “overweight” rating and set a $8.00 price target on shares of Ouster in a research report on Thursday, March 28th. Finally, Craig Hallum raised their price target on shares of Ouster from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Ouster has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Insider Buying and Selling at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,776 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $7.96, for a total transaction of $45,976.96. Following the transaction, the general counsel now directly owns 163,966 shares of the company’s stock, valued at $1,305,169.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Ouster news, General Counsel Megan Chung sold 5,776 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $7.96, for a total transaction of $45,976.96. Following the transaction, the general counsel now directly owns 163,966 shares of the company’s stock, valued at $1,305,169.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Weinswig sold 19,990 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total transaction of $186,906.50. Following the completion of the transaction, the chief financial officer now directly owns 236,800 shares in the company, valued at $2,214,080. The disclosure for this sale can be found here. Insiders have sold a total of 36,986 shares of company stock valued at $290,359 over the last ninety days. Corporate insiders own 6.00% of the company’s stock.

Ouster Profile

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.