Top 5 Stock Picks of Billionaire Nicholas Pritzker

2. Ouster, Inc. (NYSE:OUST)

Tao Capital Stake Value: $82,374,000
Percentage of Tao Capital’s 13F Portfolio: 21.94%
Number of Hedge Fund Holders: 20

Ouster, Inc. (NYSE:OUST) manufactures high-resolution digital lidar sensors that provide superior 3D vision to machines, vehicles, robotics, and infrastructure assets. After Ouster, Inc. (NYSE:OUST) posted strong Q3 results in November, Citi analyst Itay Michaeli boosted his price objective on Ouster to $19 from $18 and maintained a “Buy” rating on the stock.

Ouster, Inc. (NYSE:OUST) reported its Q3 results in November. It posted an EPS of -$0.08, vs. the EPS of -$0.21 for the second quarter of 2021. The Q3 revenue totaled $7.75 million, up 30.5% year-over-year, missing estimates by $1.15 million.

Hedge funds are loading up on Ouster, Inc. (NYSE:OUST), as Insider Monkey’s data shows that 20 hedge funds held stake in the company in the third quarter of 2021, compared to 14 funds in the previous quarter.