Analysts Set Ouster, Inc. (NYSE:OUST) PT at $13.17

Shares of Ouster, Inc. (NYSE:OUST) have earned a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $13.17.

OUST has been the subject of a number of recent research reports. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Cantor Fitzgerald upgraded shares of Ouster from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $12.00 to $10.00 in a report on Monday, November 11th. Rosenblatt Securities reissued a “buy” rating and set a $17.00 price objective on shares of Ouster in a research note on Friday, November 8th. Finally, Northland Securities began coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price for the company.

Insiders Place Their Bets

In other news, CTO Mark Frichtl purchased 5,045 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $9.78 per share, for a total transaction of $49,340.10. Following the completion of the purchase, the chief technology officer now owns 513,121 shares of the company’s stock, valued at approximately $5,018,323.38. This trade represents a 0.99 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Angus Pacala acquired 50,954 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $9.79 per share, for a total transaction of $498,839.66. Following the purchase, the chief executive officer now directly owns 769,957 shares of the company’s stock, valued at $7,537,879.03. This represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 80,415 shares of company stock worth $748,620 in the last quarter. 7.81% of the stock is owned by corporate insiders.

Institutional Trading of Ouster

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new stake in shares of Ouster during the 2nd quarter worth approximately $1,305,000. Van ECK Associates Corp acquired a new stake in Ouster in the second quarter worth $56,000. Rhumbline Advisers bought a new stake in Ouster in the second quarter valued at $598,000. Ballentine Partners LLC acquired a new position in shares of Ouster during the second quarter valued at $101,000. Finally, American Century Companies Inc. grew its position in shares of Ouster by 38.5% during the second quarter. American Century Companies Inc. now owns 45,615 shares of the company’s stock worth $448,000 after acquiring an additional 12,691 shares during the last quarter. Institutional investors own 31.45% of the company’s stock.

Ouster Trading Down 10.2 %

Shares of NYSE OUST opened at $11.32 on Monday. The company’s 50-day moving average price is $10.40 and its 200 day moving average price is $9.41. Ouster has a 52 week low of $4.65 and a 52 week high of $16.88. The stock has a market cap of $563.41 million, a price-to-earnings ratio of -4.40 and a beta of 2.39.

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.