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

Shares of Ouster, Inc. (NASDAQ:OUST) have been given an average recommendation of “Hold” by the six ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $40.20.

A number of brokerages recently weighed in on OUST. Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Weiss Ratings began coverage on shares of Ouster in a research report on Friday, May 15th. They set a “sell (d-)” rating on the stock. Oppenheimer restated an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Finally, Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th.

Insider Activity at Ouster

In other Ouster news, CEO Charles Angus Pacala sold 24,657 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $23.43, for a total value of $577,713.51. Following the transaction, the chief executive officer directly owned 960,660 shares in the company, valued at approximately $22,508,263.80. This trade represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Mark Frichtl sold 136,434 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $32.56, for a total transaction of $4,442,291.04. Following the sale, the chief technology officer owned 628,638 shares in the company, valued at $20,468,453.28. The trade was a 17.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 503,475 shares of company stock worth $14,196,335 over the last quarter. Insiders own 5.72% of the company’s stock.

Institutional Trading of Ouster

Several institutional investors and hedge funds have recently modified their holdings of OUST. NewEdge Advisors LLC grew its stake in Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after acquiring an additional 1,089 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Ouster by 118.8% during the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after purchasing an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Ouster by 38.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after purchasing an additional 800 shares during the last quarter. SHP Wealth Management bought a new position in shares of Ouster during the 4th quarter valued at about $96,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors.

Ouster Stock Up 5.5%

NASDAQ:OUST opened at $37.03 on Monday. The company’s 50 day moving average price is $24.59 and its 200-day moving average price is $23.37. Ouster has a 52 week low of $10.06 and a 52 week high of $41.65. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -38.17 and a beta of 3.06.

About Ouster

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.