Mitsubishi UFJ Asset Management Co. Ltd. Sells 98,749 Shares of Ouster, Inc. $OUST

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in shares of Ouster, Inc. (NYSE:OUST) by 29.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,302 shares of the company’s stock after selling 98,749 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ouster were worth $5,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings in shares of Ouster by 153.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock valued at $29,000 after purchasing an additional 733 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in Ouster by 2.8% during the second quarter. 180 Wealth Advisors LLC now owns 41,014 shares of the company’s stock valued at $995,000 after purchasing an additional 1,128 shares during the last quarter. North Capital Inc. grew its stake in shares of Ouster by 102.7% in the 2nd quarter. North Capital Inc. now owns 3,000 shares of the company’s stock worth $73,000 after buying an additional 1,520 shares in the last quarter. Intrua Financial LLC grew its stake in shares of Ouster by 16.4% in the 1st quarter. Intrua Financial LLC now owns 13,962 shares of the company’s stock worth $125,000 after buying an additional 1,970 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ouster by 7.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock worth $255,000 after buying an additional 2,037 shares during the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Megan Chung sold 5,837 shares of the stock in a transaction on Friday, October 17th. The stock was sold at an average price of $31.02, for a total transaction of $181,063.74. Following the transaction, the general counsel owned 197,199 shares of the company’s stock, valued at approximately $6,117,112.98. This represents a 2.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mark Frichtl sold 25,329 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $28.46, for a total transaction of $720,863.34. Following the completion of the sale, the chief technology officer owned 665,403 shares of the company’s stock, valued at approximately $18,937,369.38. This represents a 3.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 106,310 shares of company stock worth $3,035,305 over the last 90 days. Corporate insiders own 6.63% of the company’s stock.

Ouster Stock Down 7.8%

OUST opened at $22.50 on Friday. The business has a fifty day moving average of $30.17 and a 200 day moving average of $24.00. Ouster, Inc. has a 52-week low of $6.34 and a 52-week high of $41.65. The stock has a market cap of $1.30 billion, a P/E ratio of -8.75 and a beta of 2.74.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OUST. Cantor Fitzgerald set a $33.00 price target on shares of Ouster in a report on Thursday, November 6th. Westpark Capital restated a “buy” rating and set a $50.00 price objective on shares of Ouster in a research report on Wednesday, November 5th. Northland Securities set a $38.00 target price on Ouster in a report on Wednesday, November 5th. Oppenheimer reissued an “outperform” rating and set a $39.00 target price on shares of Ouster in a research report on Wednesday, November 5th. Finally, Zacks Research downgraded Ouster from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.17.

Ouster Company 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.