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

Shares of Ouster, Inc. (NYSE:OUST) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $13.17.

Several research analysts have recently commented on the company. Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $12.00 to $10.00 in a research report on Monday, November 11th. Northland Securities began coverage on Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Friday, November 8th. Finally, Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th.

Insider Activity

In other Ouster news, CFO Mark Weinswig sold 19,712 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total transaction of $191,009.28. Following the transaction, the chief financial officer now owns 173,960 shares in the company, valued at approximately $1,685,672.40. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Angus Pacala purchased 50,954 shares of the stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $9.79 per share, for a total transaction of $498,839.66. Following the transaction, the chief executive officer now directly owns 769,957 shares of the company’s stock, valued at $7,537,879.03. This represents a 7.09 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 48,500 shares of company stock valued at $469,814. Company insiders own 7.81% of the company’s stock.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC boosted its position in Ouster by 146.2% during the fourth quarter. Squarepoint Ops LLC now owns 127,082 shares of the company’s stock worth $1,553,000 after purchasing an additional 75,470 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Ouster by 52.4% during the fourth quarter. ProShare Advisors LLC now owns 21,136 shares of the company’s stock valued at $258,000 after acquiring an additional 7,267 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ouster by 10.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company’s stock valued at $321,000 after acquiring an additional 2,542 shares during the last quarter. Graham Capital Management L.P. raised its holdings in shares of Ouster by 10.1% during the fourth quarter. Graham Capital Management L.P. now owns 63,228 shares of the company’s stock valued at $773,000 after acquiring an additional 5,787 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Ouster by 30.8% during the fourth quarter. Deutsche Bank AG now owns 31,137 shares of the company’s stock valued at $380,000 after acquiring an additional 7,329 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Trading Down 6.8 %

OUST opened at $7.69 on Tuesday. The firm has a market cap of $382.74 million, a price-to-earnings ratio of -2.99 and a beta of 2.36. Ouster has a 12 month low of $4.65 and a 12 month high of $16.88. The stock has a fifty day moving average price of $10.74 and a 200-day moving average price of $8.88.

About Ouster

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.