Ouster (NYSE:OUST) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer began coverage on shares of Ouster (NYSE:OUST) in a research report report published on Thursday, Marketbeat reports. The firm issued an outperform rating and a $16.00 target price on the stock.

Several other analysts also recently commented on OUST. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Cantor Fitzgerald upped their target price on shares of Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Northland Securities started coverage on Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target on the stock. Westpark Capital initiated coverage on Ouster in a research note on Monday, March 17th. They set a “hold” rating for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ouster has an average rating of “Moderate Buy” and a consensus price target of $13.71.

Ouster Trading Down 4.4 %

OUST stock opened at $9.54 on Thursday. The company’s 50 day moving average is $9.36 and its two-hundred day moving average is $9.09. Ouster has a twelve month low of $5.84 and a twelve month high of $16.88. The stock has a market cap of $474.82 million, a P/E ratio of -3.71 and a beta of 2.38.

Insider Buying and Selling at Ouster

In other news, General Counsel Megan Chung sold 5,800 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total transaction of $65,192.00. Following the completion of the sale, the general counsel now directly owns 220,762 shares in the company, valued at $2,481,364.88. This represents a 2.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 9,099 shares of company stock worth $90,460. Insiders own 7.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its stake in shares of Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after acquiring an additional 1,063 shares during the period. AlphaQuest LLC raised its position in Ouster by 916.0% in the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after purchasing an additional 7,456 shares during the period. ExodusPoint Capital Management LP purchased a new stake in shares of Ouster in the fourth quarter worth about $154,000. Intech Investment Management LLC acquired a new stake in shares of Ouster in the third quarter valued at about $81,000. Finally, SVB Wealth LLC purchased a new stake in shares of Ouster during the 4th quarter valued at about $163,000. 31.45% of the stock is owned by institutional investors and hedge funds.

About Ouster

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.