Ouster (NYSE:OUST) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Ouster (NYSE:OUST) to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 price target on shares of Ouster in a research report on Friday, November 8th. Northland Securities assumed coverage on Ouster in a report on Thursday. They set an “outperform” rating and a $14.00 target price for the company. Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and cut their price target for the company from $12.00 to $10.00 in a report on Monday, November 11th. Finally, Craig Hallum decreased their price objective on Ouster from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. One 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 stock. Based on data from MarketBeat, Ouster currently has an average rating of “Buy” and a consensus price target of $13.17.

Ouster Price Performance

NYSE:OUST opened at $9.08 on Thursday. Ouster has a 1-year low of $4.65 and a 1-year high of $16.88. The company has a 50-day moving average of $8.37 and a 200 day moving average of $9.21. The firm has a market cap of $451.92 million, a PE ratio of -3.53 and a beta of 2.50.

Insider Transactions at Ouster

In related news, CFO Mark Weinswig sold 31,397 shares of Ouster stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total value of $273,781.84. Following the completion of the sale, the chief financial officer now directly owns 198,650 shares in the company, valued at $1,732,228. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 7.81% of the company’s stock.

Institutional Trading of Ouster

Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in shares of Ouster during the third quarter worth about $706,000. Renaissance Technologies LLC acquired a new stake in Ouster during the 2nd quarter valued at approximately $1,217,000. Bank of New York Mellon Corp purchased a new stake in shares of Ouster in the 2nd quarter valued at $1,305,000. Marshall Wace LLP increased its stake in shares of Ouster by 184.9% in the second quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock worth $6,424,000 after acquiring an additional 424,178 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Ouster by 783.0% during the second quarter. SG Americas Securities LLC now owns 99,063 shares of the company’s stock worth $974,000 after purchasing an additional 87,844 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

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.