Ouster (NYSE:OUST) Stock Rating Reaffirmed by Chardan Capital

Ouster (NYSE:OUST)‘s stock had its “neutral” rating reissued by equities researchers at Chardan Capital in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a $10.00 price objective on the stock. Chardan Capital’s target price suggests a potential upside of 0.10% from the stock’s previous close.

A number of other research analysts have also issued reports on OUST. Cantor Fitzgerald reissued an “overweight” rating and issued a $8.00 target price on shares of Ouster in a report on Thursday, March 28th. Craig Hallum boosted their target price on Ouster from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Ouster currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Ouster Stock Down 0.1 %

OUST opened at $9.99 on Wednesday. The stock has a market capitalization of $406.49 million, a P/E ratio of -0.90 and a beta of 2.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.68 and a current ratio of 4.11. Ouster has a one year low of $3.21 and a one year high of $11.40. The business’s 50-day simple moving average is $5.80 and its 200-day simple moving average is $5.60.

Insider Activity

In related news, CFO Mark Weinswig sold 19,990 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total value of $186,906.50. Following the completion of the transaction, the chief financial officer now owns 236,800 shares of the company’s stock, valued at $2,214,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ouster news, General Counsel Megan Chung sold 5,776 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $7.96, for a total transaction of $45,976.96. Following the transaction, the general counsel now owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark Weinswig sold 19,990 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total value of $186,906.50. Following the completion of the sale, the chief financial officer now directly owns 236,800 shares in the company, valued at approximately $2,214,080. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,986 shares of company stock worth $290,359. 6.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Ouster

Several large investors have recently added to or reduced their stakes in OUST. Daiwa Securities Group Inc. acquired a new stake in shares of Ouster in the fourth quarter worth $70,000. Psagot Value Holdings Ltd. Israel acquired a new stake in shares of Ouster in the fourth quarter worth $76,000. International Assets Investment Management LLC boosted its position in shares of Ouster by 667.0% in the fourth quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock worth $76,000 after buying an additional 8,604 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Ouster in the third quarter worth $51,000. Finally, Bison Wealth LLC acquired a new stake in shares of Ouster in the fourth quarter worth $79,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

About Ouster

Ouster, Inc designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor; and DF, a solid-state flash sensor. The company is based in San Francisco, California.