Balyasny Asset Management L.P. Has $3.29 Million Holdings in Ouster, Inc. (NYSE:OUST)

Balyasny Asset Management L.P. grew its holdings in Ouster, Inc. (NYSE:OUST) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 269,493 shares of the company’s stock after purchasing an additional 24,798 shares during the period. Balyasny Asset Management L.P.’s holdings in Ouster were worth $3,293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Ouster by 14.2% in the fourth quarter. Bank of America Corp DE now owns 105,753 shares of the company’s stock valued at $1,292,000 after purchasing an additional 13,145 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Ouster during the fourth quarter worth $655,000. Manatuck Hill Partners LLC bought a new position in Ouster during the fourth quarter worth $2,566,000. Northern Trust Corp boosted its position in Ouster by 7.9% during the fourth quarter. Northern Trust Corp now owns 380,849 shares of the company’s stock worth $4,654,000 after purchasing an additional 27,966 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in Ouster during the fourth quarter worth $874,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Ouster Stock Up 22.8%

OUST opened at $10.62 on Monday. Ouster, Inc. has a twelve month low of $5.84 and a twelve month high of $16.88. The company has a 50-day simple moving average of $8.10 and a 200 day simple moving average of $9.31. The stock has a market capitalization of $570.99 million, a price-to-earnings ratio of -4.13 and a beta of 2.25.

Analysts Set New Price Targets

OUST has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st. Cantor Fitzgerald boosted their target price on shares of Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Oppenheimer assumed coverage on shares of Ouster in a research report on Thursday, March 27th. They issued an “outperform” rating and a $16.00 target price for the company. Westpark Capital raised shares of Ouster from a “hold” rating to a “buy” rating and set a $13.68 target price for the company in a research report on Friday. Finally, UBS Group set a $16.00 target price on shares of Ouster in a research report on Thursday, March 27th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $14.10.

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.