Ouster, Inc. (NYSE:OUST) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Ouster, Inc. (NYSE:OUST) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 352,687 shares of the company’s stock after buying an additional 68,261 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.71% of Ouster worth $4,310,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new position in shares of Ouster during the third quarter worth about $81,000. Charles Schwab Investment Management Inc. increased its position in shares of Ouster by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock valued at $2,245,000 after purchasing an additional 34,743 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Ouster during the 3rd quarter worth $167,000. Stifel Financial Corp lifted its holdings in Ouster by 286.7% during the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after buying an additional 44,275 shares during the last quarter. Finally, State Street Corp boosted its holdings in Ouster by 2.4% in the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after purchasing an additional 37,926 shares in the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Stock Performance

Ouster stock opened at $8.74 on Wednesday. Ouster, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $16.88. The company has a market capitalization of $435.00 million, a price-to-earnings ratio of -3.40 and a beta of 2.38. The stock has a fifty day moving average of $9.29 and a two-hundred day moving average of $9.15.

Analyst Ratings Changes

A number of brokerages recently weighed in on OUST. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price target on shares of Ouster in a research report on Friday, March 21st. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Cantor Fitzgerald increased their target price on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Oppenheimer initiated coverage on Ouster in a research report on Thursday, March 27th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Westpark Capital initiated coverage on Ouster in a research report on Monday, March 17th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.71.

Insider Activity at Ouster

In related news, General Counsel Megan Chung sold 5,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following the transaction, the general counsel now owns 220,762 shares of the company’s stock, valued at approximately $2,481,364.88. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 9,099 shares of company stock valued at $90,460 over the last quarter. Insiders own 7.81% 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.