Daiwa Securities Group Inc. Buys New Holdings in Ouster, Inc. (NYSE:OUST)

Daiwa Securities Group Inc. bought a new stake in shares of Ouster, Inc. (NYSE:OUST) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,157 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors also recently bought and sold shares of OUST. SVB Wealth LLC purchased a new stake in Ouster in the 3rd quarter worth approximately $67,000. Raymond James & Associates purchased a new stake in Ouster in the 3rd quarter worth approximately $159,000. Brown Advisory Inc. purchased a new stake in Ouster in the 3rd quarter worth approximately $51,000. Fox Run Management L.L.C. purchased a new stake in Ouster in the 3rd quarter worth approximately $88,000. Finally, Barclays PLC purchased a new stake in Ouster in the 3rd quarter worth approximately $200,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Ouster

In related news, General Counsel Megan Chung sold 5,776 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $7.96, for a total transaction of $45,976.96. Following the completion of the transaction, the general counsel now owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Ouster news, CFO Mark Weinswig sold 19,990 shares of Ouster stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total value of $186,906.50. Following the completion of the sale, the chief financial officer now owns 236,800 shares of the company’s stock, valued at approximately $2,214,080. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Megan Chung sold 5,776 shares of Ouster stock in a transaction on Monday, April 1st. The stock was sold at an average price of $7.96, for a total value of $45,976.96. Following the completion of the sale, the general counsel now directly owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The disclosure for this sale can be found here. Insiders sold a total of 36,986 shares of company stock valued at $290,359 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.

Ouster Trading Up 15.9 %

OUST opened at $8.67 on Friday. Ouster, Inc. has a 52 week low of $3.27 and a 52 week high of $11.40. 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 stock has a market cap of $352.61 million, a PE ratio of -0.78 and a beta of 2.55. The business has a 50 day moving average of $6.62 and a 200-day moving average of $5.96.

Ouster (NYSE:OUST) last posted its quarterly earnings data on Tuesday, March 26th. The company reported ($0.95) earnings per share for the quarter. Ouster had a negative net margin of 449.23% and a negative return on equity of 106.16%. The company had revenue of $24.44 million for the quarter. Equities research analysts predict that Ouster, Inc. will post -3.54 earnings per share for the current fiscal year.

About Ouster

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.