5 Best Stocks to Buy Now According to Billionaire Nicholas Pritzker’s Tao Capital

2. Ouster, Inc. (NYSE:OUST)

Tao Capital’s Stake Value: $58,517,000

Percentage of Tao Capital’s 13F Portfolio: 17.87%

Number of Hedge Fund Holders: 19

Ouster, Inc. (NYSE:OUST) is a California-based manufacturer of high-resolution digital lidar sensors and 3D software for companies that specialize in machinery, vehicles, and robots. Tao Capital owns 11.25 million shares of Ouster, Inc. (NYSE:OUST), worth $58.5 million, accounting for 17.87% of the total Q4 securities. 

Chardan analyst Brian Dobson initiated coverage of Ouster, Inc. (NYSE:OUST) on March 31 with a Buy rating and a $7 price target. Ouster, Inc. (NYSE:OUST) announced a collaboration with Tacticaware, forming a joint security solution, Ouster x Accur8vision. Ouster, Inc. (NYSE:OUST)’s 3D digital lidar technology paired with Tacticaware’s security software will penetrate the multi-billion dollar physical security market.

The company reported a Q4 revenue of $11.85 million, outperforming market consensus by $665,000. For 2022, the company expects to double the full-year revenue, aiming for a range of $65 million to $85 million.

Among the hedge funds tracked by Insider Monkey, 19 funds were bullish on Ouster, Inc. (NYSE:OUST) at the end of December 2021, compared to 20 funds in the earlier quarter. The total stakes held in Q4 amounted to $83 million.