Ouster (NYSE:OUST) Stock Price Up 4.6% - Time to Buy?

Shares of Ouster, Inc. (NYSE:OUST - Get Free Report) traded up 4.6% on Wednesday . The company traded as high as $11.55 and last traded at $11.51. 762,299 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 1,171,474 shares. The stock had previously closed at $11.00.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Northland Capmk raised Ouster to a "strong-buy" rating in a research report on Thursday, December 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $17.00 target price on shares of Ouster in a research note on Friday, November 8th. Cantor Fitzgerald raised shares of Ouster from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $12.00 to $10.00 in a research report on Monday, November 11th. Finally, Northland Securities assumed 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. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $13.17.

Ouster Trading Down 5.6 %

The business's fifty day simple moving average is $8.52 and its two-hundred day simple moving average is $9.17. The stock has a market capitalization of $516.62 million, a P/E ratio of -4.04 and a beta of 2.50.

Insider Buying and Selling at Ouster

In other Ouster news, CTO Mark Frichtl acquired 5,045 shares of Ouster stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $9.78 per share, with a total value of $49,340.10. Following the acquisition, the chief technology officer now owns 513,121 shares of the company's stock, valued at approximately $5,018,323.38. The trade was a 0.99 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Weinswig sold 31,397 shares of Ouster stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total transaction of $273,781.84. Following the sale, the chief financial officer now owns 198,650 shares in the company, valued at approximately $1,732,228. This trade represents a 13.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,415 shares of company stock valued at $748,620 in the last quarter. Corporate insiders own 7.81% of the company's stock.

Institutional Investors Weigh In On Ouster

Several large investors have recently modified their holdings of the stock. Van ECK Associates Corp grew its holdings in shares of Ouster by 28.4% in the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company's stock worth $46,000 after purchasing an additional 1,608 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ouster during the second quarter worth approximately $27,000. Ballentine Partners LLC bought a new position in shares of Ouster in the second quarter valued at approximately $101,000. Stoneridge Investment Partners LLC acquired a new position in shares of Ouster in the 3rd quarter worth approximately $67,000. Finally, True North Advisors LLC acquired a new position in Ouster in the third quarter worth $78,000. 31.45% of the stock is currently owned by institutional investors.

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.