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

Ouster, Inc. (NYSE:OUST) has been given a consensus recommendation of “Buy” by the seven analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $32.1667.

A number of brokerages have recently issued reports on OUST. Cantor Fitzgerald set a $33.00 price objective on shares of Ouster in a research report on Thursday, November 6th. Oppenheimer restated an “outperform” rating and issued a $39.00 target price on shares of Ouster in a research note on Wednesday, November 5th. Zacks Research downgraded Ouster from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Westpark Capital reiterated a “buy” rating and set a $50.00 price objective on shares of Ouster in a report on Wednesday, November 5th. Finally, Northland Securities set a $38.00 price objective on Ouster in a research report on Wednesday, November 5th.

Ouster Price Performance

Shares of OUST stock opened at $22.38 on Thursday. The stock’s 50-day moving average is $28.74 and its 200 day moving average is $24.93. Ouster has a 1-year low of $6.34 and a 1-year high of $41.65. The company has a market cap of $1.34 billion, a P/E ratio of -8.71 and a beta of 2.74.

Insiders Place Their Bets

In other news, General Counsel Megan Chung sold 5,837 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $31.02, for a total transaction of $181,063.74. Following the sale, the general counsel owned 197,199 shares in the company, valued at approximately $6,117,112.98. The trade was a 2.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Darien Spencer sold 18,274 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.46, for a total transaction of $520,078.04. Following the completion of the transaction, the chief operating officer directly owned 346,132 shares of the company’s stock, valued at $9,850,916.72. The trade was a 5.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 106,310 shares of company stock valued at $3,035,305. 6.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ouster

A number of large investors have recently bought and sold shares of OUST. NewEdge Advisors LLC increased its holdings in Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after buying an additional 1,089 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Ouster by 153.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock valued at $29,000 after acquiring an additional 733 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Ouster by 8,823.5% in the second quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock worth $37,000 after acquiring an additional 1,500 shares during the period. Gordian Capital Singapore Pte Ltd raised its holdings in shares of Ouster by 38.1% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after purchasing an additional 800 shares during the last quarter. Finally, Game Plan Financial Advisors LLC raised its holdings in shares of Ouster by 400.0% during the second quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company’s stock worth $73,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

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.