Ouster (NYSE:OUST) Given Hold Rating at Westpark Capital

Westpark Capital reissued their hold rating on shares of Ouster (NYSE:OUST) in a research note issued to investors on Thursday,Benzinga reports.

OUST has been the topic of several other research reports. Oppenheimer began coverage on Ouster in a report on Thursday, March 27th. They issued an “outperform” rating and a $16.00 target price on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $19.00 target price on shares of Ouster in a report on Thursday. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 target price on shares of Ouster in a report on Friday, March 21st. Finally, UBS Group set a $16.00 price objective on Ouster in a research note on Thursday, March 27th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.24.

Ouster Stock Performance

Ouster stock opened at $19.48 on Thursday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -7.58 and a beta of 2.48. Ouster has a fifty-two week low of $5.84 and a fifty-two week high of $20.90. The stock’s fifty day moving average is $10.02 and its two-hundred day moving average is $10.02.

Insider Buying and Selling at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the transaction, the general counsel now directly owns 220,762 shares in the company, valued at approximately $2,481,364.88. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OUST. EVR Research LP purchased a new position in Ouster in the 4th quarter valued at about $5,343,000. Trexquant Investment LP lifted its holdings in shares of Ouster by 113.9% during the 4th quarter. Trexquant Investment LP now owns 602,448 shares of the company’s stock worth $7,362,000 after acquiring an additional 320,742 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Ouster by 610.1% during the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock worth $2,661,000 after acquiring an additional 254,580 shares during the period. Penn Capital Management Company LLC lifted its holdings in shares of Ouster by 27.4% during the 4th quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company’s stock worth $13,375,000 after acquiring an additional 235,563 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new position in shares of Ouster during the 4th quarter worth about $2,566,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.