Ouster, Inc. (NYSE:OUST) Receives $15.95 Consensus Target Price from Brokerages

Shares of Ouster, Inc. (NYSE:OUST) have earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $15.9467.

Separately, Westpark Capital raised shares of Ouster from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th.

Insider Activity at Ouster

In other news, COO Darien Spencer sold 18,274 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.46, for a total transaction of $520,078.04. Following the completion of the sale, the chief operating officer owned 346,132 shares of the company’s stock, valued at $9,850,916.72. This trade represents a 5.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Megan Chung sold 17,183 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.46, for a total transaction of $489,028.18. Following the sale, the general counsel directly owned 203,036 shares of the company’s stock, valued at approximately $5,778,404.56. This trade represents a 7.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,778 shares of company stock worth $2,811,222. Corporate insiders own 6.63% of the company’s stock.

Hedge Funds Weigh In On Ouster

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in shares of Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after purchasing an additional 1,089 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Ouster by 153.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock worth $29,000 after purchasing an additional 733 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Ouster by 8,823.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock worth $37,000 after purchasing an additional 1,500 shares in the last quarter. Game Plan Financial Advisors LLC lifted its holdings in shares of Ouster by 400.0% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company’s stock worth $73,000 after purchasing an additional 2,400 shares in the last quarter. Finally, North Capital Inc. lifted its holdings in shares of Ouster by 102.7% in the 2nd quarter. North Capital Inc. now owns 3,000 shares of the company’s stock worth $73,000 after purchasing an additional 1,520 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors.

Ouster Stock Performance

NYSE:OUST opened at $27.85 on Wednesday. The company has a market capitalization of $1.61 billion, a PE ratio of -10.84 and a beta of 2.72. The company has a 50 day simple moving average of $29.47 and a two-hundred day simple moving average of $20.28. Ouster has a fifty-two week low of $6.34 and a fifty-two week high of $36.25.

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.