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

Shares of Ouster, Inc. (NASDAQ:OUST) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $48.1667.

Several equities analysts have recently commented on OUST shares. Rosenblatt Securities upped their target price on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Oppenheimer reiterated an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Weiss Ratings initiated coverage on Ouster in a research report on Friday, May 15th. They set a “sell (d-)” rating on the stock. Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Roth Mkm started coverage on shares of Ouster in a research note on Friday, May 29th. They issued a “buy” rating and a $75.00 price target on the stock.

Ouster Stock Up 3.2%

OUST stock opened at $39.61 on Friday. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -40.83 and a beta of 3.24. Ouster has a twelve month low of $16.40 and a twelve month high of $49.39. The business has a 50 day moving average price of $30.77 and a two-hundred day moving average price of $25.19.

Insider Transactions at Ouster

In related news, Director Stephen A. Skaggs sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the sale, the director owned 61,690 shares of the company’s stock, valued at $1,850,700. This represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Mark Frichtl sold 308,742 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $41.53, for a total value of $12,822,055.26. Following the transaction, the chief technology officer owned 294,924 shares in the company, valued at approximately $12,248,193.72. This trade represents a 51.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 866,457 shares of company stock worth $30,104,534. Company insiders own 5.72% of the company’s stock.

Institutional Trading of Ouster

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares in the last quarter. Larson Financial Group LLC grew its stake in Ouster by 118.8% during the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after buying an additional 1,067 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in Ouster by 38.1% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after buying an additional 800 shares during the period. Van ECK Associates Corp raised its position in shares of Ouster by 17.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after buying an additional 525 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Ouster in the 3rd quarter valued at approximately $120,000. 31.45% of the stock is owned by institutional investors and hedge funds.

Ouster Company Profile

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.