Shares of Ouster, Inc. (NYSE:OUST – Get Rating) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $19.06.
A number of research firms have recently issued reports on OUST. Cantor Fitzgerald reissued an “overweight” rating on shares of Ouster in a research report on Monday, May 15th. Rosenblatt Securities cut their price objective on shares of Ouster from $20.00 to $17.50 and set a “buy” rating on the stock in a research report on Friday, March 24th. Citigroup reduced their price target on Ouster from $17.00 to $10.00 in a research report on Sunday, April 2nd. Chardan Capital lowered Ouster from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Friday, March 24th. Finally, Craig Hallum dropped their target price on shares of Ouster from $15.00 to $10.00 in a report on Friday, May 12th.
Ouster Stock Performance
OUST stock opened at $5.46 on Wednesday. The company has a market capitalization of $211.90 million, a P/E ratio of -0.46 and a beta of 2.35. The company has a quick ratio of 4.00, a current ratio of 4.40 and a debt-to-equity ratio of 0.12. Ouster has a fifty-two week low of $3.21 and a fifty-two week high of $20.85. The company has a 50-day simple moving average of $5.09 and a 200 day simple moving average of $9.07.
Insider Activity at Ouster
In other Ouster news, Director Virginia Boulet acquired 11,000 shares of Ouster stock in a transaction on Tuesday, May 23rd. The shares were purchased at an average cost of $6.31 per share, with a total value of $69,410.00. Following the completion of the purchase, the director now owns 71,489 shares in the company, valued at $451,095.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Virginia Boulet purchased 11,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were purchased at an average price of $6.31 per share, with a total value of $69,410.00. Following the completion of the purchase, the director now owns 71,489 shares in the company, valued at approximately $451,095.59. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mark Frichtl purchased 25,700 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $5.84 per share, for a total transaction of $150,088.00. Following the purchase, the chief technology officer now owns 3,749,512 shares of the company’s stock, valued at approximately $21,897,150.08. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 143,000 shares of company stock worth $837,501 and have sold 12,541 shares worth $70,982. 6.00% of the stock is owned by company insiders.
Institutional Trading of Ouster
Institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Ouster by 104.5% in the first quarter. BlackRock Inc. now owns 19,289,840 shares of the company’s stock valued at $16,140,000 after buying an additional 9,859,041 shares during the last quarter. State Street Corp lifted its stake in shares of Ouster by 142.5% during the 1st quarter. State Street Corp now owns 11,387,013 shares of the company’s stock worth $9,528,000 after buying an additional 6,691,110 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Ouster by 196.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,524,664 shares of the company’s stock worth $3,786,000 after purchasing an additional 3,000,784 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Ouster by 134.7% during the 1st quarter. Geode Capital Management LLC now owns 5,071,063 shares of the company’s stock worth $4,243,000 after purchasing an additional 2,910,036 shares during the last quarter. Finally, Penn Capital Management Company LLC acquired a new stake in Ouster during the 1st quarter worth approximately $5,625,000. Institutional investors own 28.79% of the company’s stock.
Ouster Company Profile
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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