Northland Securities Begins Coverage on Ouster (NYSE:OUST)

Northland Securities began coverage on shares of Ouster (NYSE:OUST) in a report released on Thursday, MarketBeat reports. The firm set an “outperform” rating and a $14.00 price target on the stock. Northland Securities’ price objective indicates a potential upside of 54.19% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Ouster in a research report on Friday, November 8th. Craig Hallum decreased their price objective on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Finally, Cantor Fitzgerald upgraded shares of Ouster from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $12.00 to $10.00 in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.17.

Ouster Trading Down 0.7 %

OUST stock opened at $9.08 on Thursday. The company has a market cap of $451.92 million, a price-to-earnings ratio of -3.53 and a beta of 2.50. The firm has a 50-day moving average of $8.37 and a two-hundred day moving average of $9.23. Ouster has a 12 month low of $4.65 and a 12 month high of $16.88.

Insider Transactions at Ouster

In other news, CFO Mark Weinswig sold 31,397 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $8.72, for a total transaction of $273,781.84. Following the sale, the chief financial officer now owns 198,650 shares of the company’s stock, valued at approximately $1,732,228. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.81% of the company’s stock.

Institutional Inflows and Outflows

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

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.