Analysts Set Ouster, Inc. (NYSE:OUST) PT at $13.17

Ouster, Inc. (NYSE:OUST - Get Free Report) has received an average recommendation of "Buy" from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $13.17.

A number of research firms recently commented on OUST. Rosenblatt Securities reaffirmed a "buy" rating and issued a $17.00 price target on shares of Ouster in a research note on Friday, November 8th. Northland Securities began coverage on shares of Ouster in a report on Thursday, December 12th. They set an "outperform" rating and a $14.00 price target for the company. Cantor Fitzgerald upgraded shares of Ouster from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $12.00 to $10.00 in a research report on Monday, November 11th. Finally, Northland Capmk upgraded shares of Ouster to a "strong-buy" rating in a research report on Thursday, December 12th.

Insider Transactions at Ouster

In other news, CEO Charles Angus Pacala acquired 50,954 shares of the stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $9.79 per share, with a total value of $498,839.66. Following the completion of the purchase, the chief executive officer now directly owns 769,957 shares of the company's stock, valued at $7,537,879.03. This represents a 7.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Darien Spencer sold 14,869 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $9.69, for a total transaction of $144,080.61. Following the completion of the transaction, the chief operating officer now owns 291,718 shares of the company's stock, valued at approximately $2,826,747.42. This trade represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,500 shares of company stock worth $469,814. Corporate insiders own 7.81% of the company's stock.

Institutional Trading of Ouster

Several institutional investors have recently modified their holdings of the business. Daiwa Securities Group Inc. lifted its holdings in Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock worth $85,000 after buying an additional 1,063 shares during the period. Van ECK Associates Corp lifted its stake in shares of Ouster by 28.4% in the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company's stock worth $46,000 after acquiring an additional 1,608 shares during the period. AlphaQuest LLC lifted its stake in shares of Ouster by 916.0% in the fourth 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 period. Stoneridge Investment Partners LLC acquired a new stake in Ouster during the 3rd quarter valued at approximately $67,000. Finally, ExodusPoint Capital Management LP bought a new position in Ouster during the 4th quarter worth approximately $154,000. Institutional investors own 31.45% of the company's stock.

Ouster Stock Up 2.0 %

Shares of OUST traded up $0.16 during mid-day trading on Tuesday, hitting $8.25. 776,096 shares of the company's stock were exchanged, compared to its average volume of 1,349,028. Ouster has a 52 week low of $4.65 and a 52 week high of $16.88. The stock's 50-day simple moving average is $10.91 and its 200-day simple moving average is $8.90. The firm has a market cap of $410.61 million, a price-to-earnings ratio of -3.21 and a beta of 2.36.

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.