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

Ouster, Inc. (NYSE:OUST) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.9467.

Several analysts have commented on OUST shares. Zacks Research cut shares of Ouster from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Westpark Capital upgraded shares of Ouster from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th.

Ouster Stock Performance

Shares of Ouster stock opened at $33.36 on Friday. The firm has a fifty day moving average of $30.77 and a two-hundred day moving average of $22.95. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -12.98 and a beta of 2.72. Ouster has a 52 week low of $6.34 and a 52 week high of $41.65.

Insider Activity

In other news, CEO Charles Angus Pacala sold 37,992 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $28.46, for a total value of $1,081,252.32. Following the completion of the transaction, the chief executive officer owned 1,009,927 shares of the company’s stock, valued at $28,742,522.42. The trade was a 3.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mark Frichtl sold 25,329 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $28.46, for a total transaction of $720,863.34. Following the completion of the transaction, the chief technology officer directly owned 665,403 shares of the company’s stock, valued at $18,937,369.38. This trade represents a 3.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 104,615 shares of company stock worth $2,992,286 over the last quarter. Corporate insiders own 6.63% of the company’s stock.

Hedge Funds Weigh In On Ouster

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OUST. Wealth Enhancement Advisory Services LLC acquired a new position in Ouster in the 1st quarter worth $97,000. Bank of New York Mellon Corp boosted its stake in Ouster by 4.9% in the 1st quarter. Bank of New York Mellon Corp now owns 107,005 shares of the company’s stock worth $961,000 after purchasing an additional 5,046 shares during the period. CWM LLC boosted its stake in Ouster by 1,094.9% in the 1st quarter. CWM LLC now owns 11,591 shares of the company’s stock worth $104,000 after purchasing an additional 10,621 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in Ouster in the 1st quarter worth $566,000. Finally, Vanguard Group Inc. boosted its stake in Ouster by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company’s stock worth $34,354,000 after purchasing an additional 190,885 shares during the period. 31.45% of the stock is owned by institutional investors and hedge funds.

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.