Ouster (NYSE:OUST) Shares Up 10% – Should You Buy?

Ouster, Inc. (NYSE:OUST) shares shot up 10% during trading on Monday . The stock traded as high as $26.30 and last traded at $26.6820. 685,775 shares were traded during mid-day trading, a decline of 63% from the average session volume of 1,853,136 shares. The stock had previously closed at $24.26.

Analysts Set New Price Targets

Several research firms have recently commented on OUST. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

Ouster Trading Up 1.7%

The company has a market cap of $1.73 billion, a PE ratio of -10.74 and a beta of 2.98. The business has a fifty day moving average of $20.61 and a 200-day moving average of $23.77.

Insider Transactions at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,837 shares of Ouster stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $24.70, for a total transaction of $144,173.90. Following the sale, the general counsel directly owned 213,836 shares of the company’s stock, valued at approximately $5,281,749.20. The trade was a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ted L. Tewksbury III sold 1,695 shares of Ouster stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $20.00, for a total value of $33,900.00. Following the sale, the director directly owned 121,969 shares in the company, valued at approximately $2,439,380. The trade was a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 258,409 shares of company stock valued at $6,181,722. Insiders own 6.63% of the company’s stock.

Institutional Trading of Ouster

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in Ouster by 2,532.6% during the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after acquiring an additional 1,089 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Ouster by 118.8% in the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after purchasing an additional 1,067 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its position in shares of Ouster by 38.1% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after purchasing an additional 800 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Ouster by 17.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after purchasing an additional 525 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Ouster in the 3rd quarter worth approximately $120,000. 31.45% of the stock is owned by institutional investors.

Ouster Company Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.