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

Shares of Ouster, Inc. (NYSE:OUSTGet Free Report) have been assigned an average rating of “Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One equities 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 target among brokerages that have updated their coverage on the stock in the last year is $13.17.

A number of equities analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Ouster in a research report on Friday, November 8th. 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 report on Monday, November 11th. Northland Securities initiated coverage on shares of Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target on the stock. Finally, Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th.

Get Our Latest Stock Analysis on OUST

Insider Activity at Ouster

In other news, CEO Charles Angus Pacala acquired 50,954 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $9.79 per share, with a total value of $498,839.66. Following the completion of the transaction, the chief executive officer now directly owns 769,957 shares of the company’s stock, valued at $7,537,879.03. This trade represents a 7.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Darien Spencer sold 14,869 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.69, for a total transaction of $144,080.61. Following the completion of the transaction, the chief operating officer now directly owns 291,718 shares in the company, valued at approximately $2,826,747.42. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,415 shares of company stock worth $748,620. Company insiders own 7.81% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Ouster by 2.4% in the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after purchasing an additional 37,926 shares during the last quarter. Geode Capital Management LLC boosted its stake in Ouster by 6.8% in the third quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after buying an additional 62,202 shares in the last quarter. Marshall Wace LLP boosted its stake in Ouster by 184.9% in the second quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock valued at $6,424,000 after buying an additional 424,178 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ouster by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock worth $2,245,000 after acquiring an additional 34,743 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Ouster in the second quarter worth about $1,305,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Ouster Trading Down 10.2 %

Shares of NYSE OUST opened at $11.32 on Monday. The company has a market capitalization of $563.41 million, a P/E ratio of -4.40 and a beta of 2.39. Ouster has a 12 month low of $4.65 and a 12 month high of $16.88. The stock has a 50 day moving average of $10.40 and a 200-day moving average of $9.40.

About Ouster

(Get Free Report

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.

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Analyst Recommendations for Ouster (NYSE:OUST)

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