Ouster, Inc. (NYSE:OUST - Get Free Report)'s share price rose 7% during mid-day trading on Thursday . The company traded as high as $11.26 and last traded at $11.00. Approximately 908,776 shares traded hands during trading, a decline of 39% from the average daily volume of 1,501,888 shares. The stock had previously closed at $10.28.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Northland Capmk upgraded Ouster to a "strong-buy" rating in a report on Thursday, December 12th. Cantor Fitzgerald raised Ouster from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $12.00 to $10.00 in a research report on Monday, November 11th. Rosenblatt Securities reissued a "buy" rating and set a $17.00 price objective on shares of Ouster in a research report on Friday, November 8th. Finally, Northland Securities assumed coverage on shares of Ouster in a report on Thursday, December 12th. They issued an "outperform" rating and a $14.00 target price on the stock. 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 to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $13.17.
Get Our Latest Stock Analysis on OUST
Ouster Trading Down 0.3 %
The firm has a market cap of $481.72 million, a PE ratio of -3.77 and a beta of 2.36. The business has a fifty day moving average price of $11.03 and a 200 day moving average price of $9.08.
Insider Buying and Selling at Ouster
In other Ouster news, General Counsel Megan Chung sold 13,671 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $132,471.99. Following the completion of the sale, the general counsel now owns 149,647 shares in the company, valued at approximately $1,450,079.43. The trade was a 8.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Weinswig sold 31,397 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $8.72, for a total transaction of $273,781.84. Following the transaction, 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 have sold 80,415 shares of company stock worth $748,620 over the last three months. Insiders own 7.81% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of OUST. Daiwa Securities Group Inc. lifted its stake in shares of Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock worth $85,000 after acquiring an additional 1,063 shares during the period. Van ECK Associates Corp grew its holdings in Ouster by 28.4% during 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 raised its position in 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 in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Ouster in the third quarter valued at $67,000. Finally, Intech Investment Management LLC acquired a new stake in Ouster in the third quarter valued at $81,000. 31.45% of the stock is owned by hedge funds and other institutional investors.
About Ouster
(
Get Free Report)
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.
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