Ouster Stock Scheduled to Reverse Split on Friday, April 21st (NYSE:OUST)

Posted by Defense World Staff on Apr 13th, 2023

Shares of Ouster, Inc. (NYSE:OUST – Get Rating) are scheduled to reverse split on the morning of Friday, April 21st. The 1-10 reverse split was announced on Friday, April 21st. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 21st.

Ouster Trading Down 4.4 %

Shares of NYSE:OUST opened at $0.46 on Thursday. Ouster has a 52-week low of $0.46 and a 52-week high of $4.27. The company has a market capitalization of $177.80 million, a P/E ratio of -0.59 and a beta of 2.47. The company has a 50-day simple moving average of $1.07 and a 200 day simple moving average of $1.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.85 and a current ratio of 5.51.

Ouster (NYSE:OUST – Get Rating) last issued its earnings results on Thursday, March 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter. Ouster had a negative net margin of 337.71% and a negative return on equity of 65.59%. The firm had revenue of $10.94 million during the quarter. Sell-side analysts forecast that Ouster will post -0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on OUST shares. Citigroup dropped their price target on Ouster from $1.70 to $1.00 in a research note on Sunday, April 2nd. Chardan Capital lowered shares of Ouster from a “buy” rating to a “neutral” rating and set a $1.00 price target on the stock. in a research note on Friday, March 24th. Cantor Fitzgerald decreased their price target on shares of Ouster from $5.00 to $3.00 in a research note on Friday, March 24th. Finally, Rosenblatt Securities decreased their price target on shares of Ouster from $2.00 to $1.75 and set a “buy” rating on the stock in a research note on Friday, March 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $2.09.

Insiders Place Their Bets

In other Ouster news, insider Nathan Dickerman sold 32,270 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $0.90, for a total transaction of $29,043.00. Following the transaction, the insider now owns 813,047 shares in the company, valued at approximately $731,742.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Nathan Dickerman sold 32,270 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $0.90, for a total transaction of $29,043.00. Following the completion of the sale, the insider now directly owns 813,047 shares in the company, valued at approximately $731,742.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ted L. Tewksbury III sold 326,248 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $1.11, for a total transaction of $362,135.28. Following the completion of the transaction, the director now owns 982,998 shares of the company’s stock, valued at $1,091,127.78. The disclosure for this sale can be found here. Insiders have sold a total of 376,725 shares of company stock worth $407,536 in the last quarter. Corporate insiders own 10.70% of the company’s stock.

Hedge Funds Weigh In On Ouster

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Game Plan Financial Advisors LLC increased its stake in shares of Ouster by 24.8% in the 3rd quarter. Game Plan Financial Advisors LLC now owns 75,500 shares of the company’s stock valued at $73,000 after purchasing an additional 15,000 shares during the last quarter. Penn Capital Management Company LLC boosted its stake in shares of Ouster by 0.3% in the 3rd quarter. Penn Capital Management Company LLC now owns 2,618,956 shares of the company’s stock valued at $2,527,000 after purchasing an additional 8,805 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Ouster in the 2nd quarter valued at approximately $143,000. MetLife Investment Management LLC acquired a new stake in shares of Ouster in the 4th quarter valued at approximately $74,000. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of Ouster in the 1st quarter valued at approximately $38,000. 28.79% of the stock is currently owned by institutional investors and hedge funds.

About Ouster

(Get Rating)

Ouster, Inc designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor and DF, a true solid-state flash sensor. The company is based in San Francisco, California.

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