Virginia Boulet Purchases 6,500 Shares of Ouster (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) Director Virginia Boulet bought 6,500 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $20.95 per share, for a total transaction of $136,175.00. Following the transaction, the director owned 228,342 shares of the company’s stock, valued at $4,783,764.90. The trade was a 2.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ouster Stock Performance

OUST stock opened at $22.37 on Wednesday. The company has a 50 day moving average price of $22.21 and a two-hundred day moving average price of $25.54. The stock has a market capitalization of $1.34 billion, a P/E ratio of -8.70 and a beta of 2.91. Ouster, Inc. has a one year low of $6.34 and a one year high of $41.65.

Hedge Funds Weigh In On Ouster

A number of large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in shares of Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Ouster by 8,823.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock worth $37,000 after buying an additional 1,500 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Ouster by 118.8% during the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after buying an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd raised its position in shares of 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 buying an additional 800 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after acquiring an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OUST. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Oppenheimer reiterated an “outperform” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Ouster presently has a consensus rating of “Moderate Buy” and an average target price of $36.17.

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.