Analysts Set Ouster, Inc. (NYSE:OUST) Target Price at $14.10

Ouster, Inc. (NYSE:OUST) has earned an average recommendation of “Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $14.10.

Several analysts have issued reports on OUST shares. Westpark Capital raised shares of Ouster from a “hold” rating to a “buy” rating and set a $13.68 target price on the stock in a research note on Friday, May 9th. Cantor Fitzgerald boosted their target price on shares of Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Oppenheimer started coverage on shares of Ouster in a research note on Thursday, March 27th. They set an “outperform” rating and a $16.00 target price on the stock. UBS Group set a $16.00 target price on shares of Ouster in a research note on Thursday, March 27th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $17.00 target price on shares of Ouster in a research note on Friday, March 21st.

Insider Transactions at Ouster

In related news, General Counsel Megan Chung sold 5,800 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 9,099 shares of company stock valued at $90,460. 7.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Ouster

A number of large investors have recently bought and sold shares of OUST. Vanguard Group Inc. boosted its holdings in Ouster by 5.3% during the first quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company’s stock valued at $34,354,000 after acquiring an additional 190,885 shares during the period. Penn Capital Management Company LLC boosted its holdings in Ouster by 27.4% during the fourth quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company’s stock valued at $13,375,000 after acquiring an additional 235,563 shares during the period. Geode Capital Management LLC boosted its holdings in Ouster by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 1,022,274 shares of the company’s stock valued at $12,495,000 after acquiring an additional 46,867 shares during the period. New York State Common Retirement Fund boosted its holdings in Ouster by 25.8% during the fourth quarter. New York State Common Retirement Fund now owns 759,491 shares of the company’s stock valued at $9,281,000 after acquiring an additional 155,640 shares during the period. Finally, Trexquant Investment LP boosted its holdings in Ouster by 113.9% during the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company’s stock valued at $7,362,000 after acquiring an additional 320,742 shares during the period. 31.45% of the stock is currently owned by institutional investors.

Ouster Stock Down 0.5%

Shares of NYSE:OUST opened at $11.41 on Friday. The company’s fifty day moving average is $8.23 and its two-hundred day moving average is $9.35. Ouster has a 12-month low of $5.84 and a 12-month high of $16.88. The company has a market cap of $613.47 million, a P/E ratio of -4.44 and a beta of 2.25.

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.