Ouster (NYSE:OUST) Stock Price Down 4.6%

Ouster, Inc. (NYSE:OUSTGet Free Report)’s stock price traded down 4.6% during trading on Thursday . The stock traded as low as $11.38 and last traded at $11.50. 219,044 shares traded hands during trading, a decline of 81% from the average session volume of 1,136,648 shares. The stock had previously closed at $12.05.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OUST shares. Rosenblatt Securities lifted their price target on Ouster from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $8.00 to $13.00 in a research report on Wednesday, May 22nd. Chardan Capital reissued a “neutral” rating and issued a $10.00 price target on shares of Ouster in a research report on Wednesday, April 3rd. Finally, Craig Hallum lifted their price objective on shares of Ouster from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.10.

Read Our Latest Stock Analysis on Ouster

Ouster Stock Performance

The stock has a fifty day moving average of $10.08 and a 200 day moving average of $7.37. The company has a current ratio of 3.09, a quick ratio of 2.83 and a debt-to-equity ratio of 0.26.

Ouster (NYSE:OUSTGet Free Report) last released its earnings results on Tuesday, March 26th. The company reported ($0.95) EPS for the quarter. The business had revenue of $24.44 million for the quarter. Ouster had a negative return on equity of 88.42% and a negative net margin of 239.89%. Research analysts anticipate that Ouster, Inc. will post -2.34 EPS for the current year.

Insider Buying and Selling at Ouster

In related news, Director Virginia Boulet purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of $12.20 per share, for a total transaction of $122,000.00. Following the purchase, the director now directly owns 173,089 shares in the company, valued at approximately $2,111,685.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Virginia Boulet purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average price of $12.20 per share, with a total value of $122,000.00. Following the transaction, the director now directly owns 173,089 shares of the company’s stock, valued at $2,111,685.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Megan Chung sold 5,776 shares of Ouster stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $7.96, for a total value of $45,976.96. Following the completion of the sale, the general counsel now directly owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The disclosure for this sale can be found here. Insiders have sold a total of 44,145 shares of company stock worth $374,263 over the last three months. 7.81% of the stock is currently owned by insiders.

Institutional Trading of Ouster

A number of institutional investors have recently modified their holdings of OUST. AIGH Capital Management LLC purchased a new stake in Ouster during the 3rd quarter worth about $6,491,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Ouster in the fourth quarter valued at approximately $4,585,000. Worth Venture Partners LLC purchased a new position in Ouster during the third quarter valued at approximately $1,587,000. Essex Investment Management Co. LLC bought a new stake in Ouster during the 1st quarter worth approximately $1,698,000. Finally, Vanguard Group Inc. lifted its stake in Ouster by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock worth $18,491,000 after purchasing an additional 164,360 shares in the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

About Ouster

(Get Free Report)

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.

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