Ouster, Inc. (NASDAQ:OUST) Given Average Rating of “Hold” by Brokerages

Shares of Ouster, Inc. (NASDAQ:OUST) have been assigned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $40.20.

Several equities research analysts have commented on OUST shares. Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Oppenheimer reissued an “outperform” rating and issued a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Finally, Weiss Ratings started coverage on Ouster in a research note on Friday. They issued a “sell (d-)” rating on the stock.

Insider Activity

In other Ouster news, CEO Charles Angus Pacala sold 24,657 shares of Ouster stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $23.43, for a total transaction of $577,713.51. Following the transaction, the chief executive officer owned 960,660 shares of the company’s stock, valued at $22,508,263.80. The trade was a 2.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Mark Frichtl sold 136,434 shares of Ouster stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $32.56, for a total value of $4,442,291.04. Following the transaction, the chief technology officer directly owned 628,638 shares in the company, valued at approximately $20,468,453.28. This trade represents a 17.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 484,159 shares of company stock worth $13,522,138. Company insiders own 5.72% of the company’s stock.

Institutional Investors Weigh In On Ouster

Several large investors have recently made changes to their positions in OUST. NewEdge Advisors LLC lifted its holdings in 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 during the last quarter. Larson Financial Group LLC lifted its holdings in 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 during the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in 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 during the last quarter. SHP Wealth Management acquired a new stake in Ouster in the 4th quarter worth approximately $96,000. Finally, Van ECK Associates Corp lifted its holdings in 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 during the last quarter. Institutional investors own 31.45% of the company’s stock.

Ouster Stock Down 11.8%

Ouster stock traded down $4.12 during midday trading on Monday, hitting $30.74. The company’s stock had a trading volume of 9,156,487 shares, compared to its average volume of 2,507,208. The stock’s 50-day moving average price is $23.50 and its 200-day moving average price is $23.33. Ouster has a 12 month low of $9.77 and a 12 month high of $41.65. The company has a market capitalization of $1.93 billion, a PE ratio of -11.96 and a beta of 3.06.

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.