Brokerages Set Ouster, Inc. (NYSE:OUST) Price Target at $13.17

Shares of Ouster, Inc. (NYSE:OUST) have received a consensus rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating 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 topic of a number of research reports. Northland Securities initiated coverage on Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target on 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. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Finally, 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 research report on Monday, November 11th.

Ouster Price Performance

Shares of OUST opened at $12.60 on Monday. The stock has a market capitalization of $627.11 million, a PE ratio of -4.90 and a beta of 2.39. The business’s fifty day moving average price is $10.20 and its 200 day moving average price is $9.37. Ouster has a 12-month low of $4.65 and a 12-month high of $16.88.

Insider Activity

In other Ouster news, CFO Mark Weinswig sold 31,397 shares of the 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 completion of the transaction, the chief financial officer now directly owns 198,650 shares of the company’s stock, valued at approximately $1,732,228. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Darien Spencer sold 14,869 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $144,080.61. Following the completion of the sale, the chief operating officer now directly owns 291,718 shares in the company, valued at $2,826,747.42. This represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,415 shares of company stock valued at $748,620. Company insiders own 7.81% of the company’s stock.

Institutional Investors Weigh In On Ouster

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Ouster by 6.8% during the third 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 during the last quarter. GSA Capital Partners LLP bought a new position in shares of Ouster in the third quarter valued at $706,000. Barclays PLC lifted its position in shares of Ouster by 280.6% during the 3rd quarter. Barclays PLC now owns 57,330 shares of the company’s stock valued at $361,000 after acquiring an additional 42,267 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Ouster during the 2nd quarter worth $1,217,000. Finally, Stifel Financial Corp grew its holdings in shares of Ouster by 286.7% in the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after acquiring an additional 44,275 shares during the last quarter. 31.45% of the stock is owned by institutional investors and hedge funds.

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.