4 Best Stocks to Buy According to Billionaire Nicholas J. Pritzker’s Tao Capital

2. Ouster, Inc. (NYSE: OUST)

Pritzker’s Stake Value: $95,652,000
Percentage of Nicholas J. Pritzker’s 13F Portfolio: 27.62%
Number of Hedge Fund Holders: 19

Ouster, Inc. (NYSE: OUST) creates digital lidar sensors for applications in industrial automation, smart infrastructure, robotics, and automobiles. The company was founded in 2015 and ranks second on the list of 8 best stocks to buy according to billionaire Nicholas J. Pritzker. Ouster currently has a $1.6 billion market capitalization. 

On June 8, PARIFEX, a leading solution provider in project management for smart cities, struck a deal with Ouster to install Ouster’s OS1 sensors on speed enforcement and data gathering systems across France. With a projected supply need of 500 sensors through 2025, Ouster has agreed to be the exclusive lidar provider for PARIFEX’s ETU Project. On May 5, Barclays analyst Blayne Curtis initiated coverage on Ouster with an “Overweight” rating and price target of $14.

Ouster, Inc. (NYSE: OUST) is the latest addition in billionaire Nicholas J. Pritzker’s hedge fund portfolio, as Tao Capital bought 11.25 shares of the company, worth $95.65 million. Hedge funds are loading up on Ouster, as Insider Monkey’s data shows that 19 hedge funds held stakes in the company as of the end of the first quarter of 2021.