Wed Sep 25 07:51:20 UTC 2024: ## Ouster (OUST) Sees Increased Institutional Interest Amidst Mixed Analyst Opinions

**New York, NY – September 25, 2024** – Ouster, Inc. (NYSE: OUST), a leading provider of lidar sensors for various industries, saw increased investment from institutional investors during the second quarter. Rhumbline Advisers, a prominent institutional investor, took a new position in Ouster, acquiring 60,791 shares valued at approximately $598,000. This marks a significant increase in institutional ownership of Ouster, with hedge funds and institutional investors now owning 31.45% of the company’s stock.

Other notable institutional investors who adjusted their holdings in Ouster include Vanguard Group Inc. which increased its position by 7.6% in the first quarter, Essex Investment Management Co. LLC and Susquehanna Fundamental Investments LLC who both bought new stakes, and SG Americas Securities LLC which grew its holdings by a substantial 783%.

While institutional interest in Ouster is growing, analyst opinions remain mixed. Craig Hallum downgraded their price target to $11.00 but maintained a “buy” rating, while Cantor Fitzgerald restated a “neutral” rating with a $12.00 target price. Other analysts, including Rosenblatt Securities and Westpark Capital, remain optimistic, reiterating “buy” ratings with target prices of $17.00. Overall, the average rating for Ouster stands at “Moderate Buy” with an average target price of $13.40.

Ouster’s financial performance has been volatile. The company reported a loss of $0.53 per share in the second quarter, though revenues reached $26.99 million. Analysts anticipate a loss of $2.4 per share for the current fiscal year.

Ouster’s stock opened at $6.23 on Wednesday, with a 12-month low of $3.67 and a 12-month high of $16.88. The company’s market cap stands at $281.53 million.

**Investors seeking further information on Ouster’s institutional ownership and insider trading activity can visit HoldingsChannel.com.**

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