Shares of Ouster, Inc. (NYSE:OUST – Get Free Report) have received an average recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.17.
A number of brokerages recently commented on OUST. Northland Securities assumed coverage on shares of Ouster in a research report on Thursday. They issued an “outperform” rating and a $14.00 target price on the stock. Northland Capmk upgraded Ouster to a “strong-buy” rating in a report on Thursday. Rosenblatt Securities restated a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Friday, November 8th. Finally, Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $12.00 to $10.00 in a research report on Monday, November 11th.
Read Our Latest Analysis on OUST
Ouster Stock Down 0.7 %
Insider Activity at Ouster
In related 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 value of $273,781.84. Following the sale, the chief financial officer now directly owns 198,650 shares of the company’s stock, valued at $1,732,228. This represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.81% of the stock is owned by company insiders.
Institutional Trading of Ouster
A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp grew its position in Ouster by 28.4% during the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after purchasing an additional 1,608 shares during the last quarter. 180 Wealth Advisors LLC increased its position in shares of Ouster by 8.5% during the second quarter. 180 Wealth Advisors LLC now owns 23,168 shares of the company’s stock valued at $228,000 after acquiring an additional 1,823 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ouster in the 2nd quarter worth approximately $27,000. Ballentine Partners LLC bought a new position in Ouster in the 2nd quarter valued at approximately $101,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in Ouster during the 3rd quarter valued at $67,000. 31.45% of the stock is owned by 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.
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