Ouster, Inc. (NYSE:OUST) Given Average Recommendation of “Buy” by Brokerages

Shares of Ouster, Inc. (NYSE:OUST) have been assigned an average recommendation of “Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $13.17.

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

Ouster Stock Down 6.8 %

OUST opened at $8.27 on Tuesday. Ouster has a 12-month low of $4.65 and a 12-month high of $16.88. The business has a 50 day moving average of $11.05 and a 200-day moving average of $8.93. The stock has a market cap of $411.60 million, a price-to-earnings ratio of -3.22 and a beta of 2.36.

Insiders Place Their Bets

In related news, CTO Mark Frichtl purchased 5,045 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $9.78 per share, for a total transaction of $49,340.10. Following the completion of the transaction, 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 document filed with the SEC, which is available through this link. Also, CEO Charles Angus Pacala acquired 50,954 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $9.79 per share, with a total value of $498,839.66. Following the transaction, the chief executive officer now directly owns 769,957 shares of the company’s stock, valued at $7,537,879.03. This trade represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 49,018 shares of company stock worth $474,838 in the last quarter. 7.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC increased its stake in shares of Ouster by 146.2% in the 4th quarter. Squarepoint Ops LLC now owns 127,082 shares of the company’s stock valued at $1,553,000 after purchasing an additional 75,470 shares during the last quarter. ProShare Advisors LLC grew its position in Ouster by 52.4% in the fourth quarter. ProShare Advisors LLC now owns 21,136 shares of the company’s stock valued at $258,000 after acquiring an additional 7,267 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ouster by 10.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company’s stock worth $321,000 after acquiring an additional 2,542 shares in the last quarter. Graham Capital Management L.P. lifted its holdings in shares of Ouster by 10.1% in the fourth quarter. Graham Capital Management L.P. now owns 63,228 shares of the company’s stock worth $773,000 after acquiring an additional 5,787 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Ouster by 30.8% in the 4th quarter. Deutsche Bank AG now owns 31,137 shares of the company’s stock valued at $380,000 after purchasing an additional 7,329 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

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.