Ouster, Inc. (NYSE:OUST) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ouster, Inc. (NYSE:OUST) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $13.71.

Several equities analysts have weighed in on the stock. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Westpark Capital initiated coverage on Ouster in a research report on Monday, March 17th. They set a “hold” rating for the company. Oppenheimer began coverage on Ouster in a research note on Thursday. They set an “outperform” rating and a $16.00 target price on the stock. Northland Securities began coverage on shares of Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st.

Insider Buying and Selling at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following the transaction, the general counsel now directly owns 220,762 shares of the company’s stock, valued at $2,481,364.88. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 9,099 shares of company stock worth $90,460 over the last ninety days. 7.81% of the stock is currently owned by insiders.

Institutional Trading of Ouster

Large investors have recently made changes to their positions in the stock. Intech Investment Management LLC bought a new stake in shares of Ouster during the 3rd quarter worth $81,000. Daiwa Securities Group Inc. lifted its position in Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after acquiring an additional 1,063 shares during the last quarter. AlphaQuest LLC boosted its holdings in Ouster by 916.0% during the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after acquiring an additional 7,456 shares during the period. ExodusPoint Capital Management LP acquired a new stake in shares of Ouster in the fourth quarter valued at about $154,000. Finally, SVB Wealth LLC bought a new position in shares of Ouster in the fourth quarter worth about $163,000. Institutional investors own 31.45% of the company’s stock.

Ouster Price Performance

Shares of OUST opened at $9.54 on Friday. Ouster has a one year low of $5.84 and a one year high of $16.88. The company has a 50-day moving average of $9.36 and a two-hundred day moving average of $9.07. The stock has a market cap of $474.82 million, a price-to-earnings ratio of -3.71 and a beta of 2.38.

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.