Ouster, Inc. (NASDAQ:OUST) Receives Consensus Rating of “Hold” from Analysts

Ouster, Inc. (NASDAQ:OUST) has earned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $40.20.

OUST has been the subject of a number of research analyst reports. Weiss Ratings initiated coverage on Ouster in a report on Friday. They set a “sell (d-)” rating for the company. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Oppenheimer reiterated an “outperform” rating and set a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd.

Insiders Place Their Bets

In related news, CEO Charles Angus Pacala sold 24,657 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total value of $577,713.51. Following the completion of the transaction, the chief executive officer directly owned 960,660 shares in the company, valued at approximately $22,508,263.80. This represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Mark Frichtl sold 136,434 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $32.56, for a total value of $4,442,291.04. Following the completion of the transaction, the chief technology officer owned 628,638 shares of the company’s stock, valued at $20,468,453.28. The trade was a 17.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 484,159 shares of company stock valued at $13,522,138 over the last 90 days. 5.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares in the last quarter. Main Management ETF Advisors LLC raised its stake in shares of Ouster by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company’s stock valued at $1,186,000 after purchasing an additional 560 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Ouster by 5.5% in the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock valued at $280,000 after purchasing an additional 599 shares in the last quarter. Prosperity Wealth Management Inc. grew its position in Ouster by 5.5% in the third quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock valued at $352,000 after acquiring an additional 675 shares during the period. Finally, Creative Planning grew its position in Ouster by 1.6% in the third quarter. Creative Planning now owns 43,681 shares of the company’s stock valued at $1,182,000 after acquiring an additional 677 shares during the period. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Ouster Stock Down 11.8%

Shares of OUST stock traded down $4.12 during trading hours on Monday, reaching $30.74. 9,156,487 shares of the company’s stock were exchanged, compared to its average volume of 2,507,208. Ouster has a fifty-two week low of $9.77 and a fifty-two week high of $41.65. The stock has a market capitalization of $1.93 billion, a P/E ratio of -11.96 and a beta of 3.06. The business has a fifty day moving average price of $23.50 and a 200-day moving average price of $23.33.

About Ouster

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.