Ouster (NYSE:OUST) Coverage Initiated at Oppenheimer

Analysts at Oppenheimer began coverage on shares of Ouster (NYSE:OUST - Get Free Report) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm set an "outperform" rating and a $16.00 price target on the stock. Oppenheimer's price target would suggest a potential upside of 76.66% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald raised their target price on Ouster from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Northland Securities began coverage on Ouster in a report on Thursday, December 12th. They set an "outperform" rating and a $14.00 price target on the stock. Northland Capmk upgraded shares of Ouster to a "strong-buy" rating in a research note on Thursday, December 12th. Westpark Capital started coverage on shares of Ouster in a research note on Monday, March 17th. They set a "hold" rating on the stock. Finally, Rosenblatt Securities restated a "buy" rating and issued a $17.00 price target on shares of Ouster in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Ouster currently has an average rating of "Moderate Buy" and an average target price of $13.71.

Ouster Trading Down 5.1 %

OUST stock traded down $0.48 during midday trading on Thursday, hitting $9.06. The stock had a trading volume of 467,391 shares, compared to its average volume of 1,324,795. The firm has a market cap of $450.78 million, a P/E ratio of -3.49 and a beta of 2.38. The business has a fifty day moving average price of $9.36 and a two-hundred day moving average price of $9.11. Ouster has a 1-year low of $5.84 and a 1-year high of $16.88.

Remove Ads

Insider Buying and Selling at Ouster

In related news, General Counsel Megan Chung sold 5,800 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the sale, the general counsel now owns 220,762 shares in the company, valued at $2,481,364.88. This represents a 2.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 9,099 shares of company stock valued at $90,460. Corporate insiders own 7.81% of the company's stock.

Institutional Trading of Ouster

Several institutional investors and hedge funds have recently modified their holdings of OUST. Daiwa Securities Group Inc. boosted its position in shares of Ouster by 18.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock valued at $85,000 after buying an additional 1,063 shares during the last quarter. AlphaQuest LLC boosted its holdings in Ouster by 916.0% during the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock worth $101,000 after acquiring an additional 7,456 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Ouster in the 4th quarter worth $154,000. Intech Investment Management LLC purchased a new stake in shares of Ouster in the third quarter valued at about $81,000. Finally, SVB Wealth LLC bought a new position in shares of Ouster during the fourth quarter valued at about $163,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

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.