Ouster, Inc. (NYSE:OUST) Receives $13.17 Consensus PT from Analysts

Ouster, Inc. (NYSE:OUST) has been given an average rating of “Buy” by the seven analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.17.

Several research analysts recently commented on the stock. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $12.00 to $10.00 in a research report on Monday, November 11th. Northland Securities initiated coverage on Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target for the company. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research note on Friday, November 8th.

Insiders Place Their Bets

In other news, COO Darien Spencer sold 14,869 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $144,080.61. Following the transaction, the chief operating officer now directly owns 291,718 shares of the company’s stock, valued at approximately $2,826,747.42. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Angus Pacala bought 50,954 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $9.79 per share, with a total value of $498,839.66. Following the acquisition, the chief executive officer now directly owns 769,957 shares of the company’s stock, valued at approximately $7,537,879.03. This trade represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 80,167 shares of company stock valued at $746,368. Insiders own 7.81% of the company’s stock.

Hedge Funds Weigh In On Ouster

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in shares of Ouster by 783.0% during the 2nd quarter. SG Americas Securities LLC now owns 99,063 shares of the company’s stock worth $974,000 after purchasing an additional 87,844 shares during the period. 180 Wealth Advisors LLC grew its position in Ouster by 8.5% during the second quarter. 180 Wealth Advisors LLC now owns 23,168 shares of the company’s stock valued at $228,000 after buying an additional 1,823 shares during the period. Bank of New York Mellon Corp purchased a new position in Ouster in the second quarter valued at $1,305,000. Van ECK Associates Corp acquired a new position in shares of Ouster in the second quarter worth about $56,000. Finally, Fairhaven Wealth Management LLC purchased a new stake in shares of Ouster during the 2nd quarter worth about $131,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Trading Up 3.2 %

OUST stock opened at $9.37 on Thursday. Ouster has a 12 month low of $4.65 and a 12 month high of $16.88. The stock has a market cap of $466.35 million, a PE ratio of -3.65 and a beta of 2.50. The company has a 50-day moving average price of $8.43 and a 200 day moving average price of $9.17.

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.