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

Shares of Ouster, Inc. (NASDAQ:OUST) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $48.1667.

Several analysts have recently weighed in on the stock. Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Roth Mkm assumed coverage on shares of Ouster in a research note on Friday, May 29th. They set a “buy” rating and a $75.00 price target for the company. Rosenblatt Securities lifted their price target on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings assumed coverage on shares of Ouster in a research note on Friday, May 15th. They set a “sell (d-)” rating for the company.

Ouster Price Performance

Shares of NASDAQ:OUST opened at $42.73 on Friday. Ouster has a 1 year low of $16.40 and a 1 year high of $49.39. The business has a 50 day simple moving average of $32.17 and a two-hundred day simple moving average of $25.63. The firm has a market capitalization of $2.68 billion, a PE ratio of -44.05 and a beta of 3.24.

Insider Activity

In other news, CRO Cyrille Jacquemet sold 9,433 shares of Ouster stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $40.00, for a total transaction of $377,320.00. Following the completion of the sale, the executive owned 123,158 shares of the company’s stock, valued at approximately $4,926,320. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Darien Spencer sold 30,000 shares of Ouster stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the sale, the chief operating officer directly owned 342,366 shares of the company’s stock, valued at $15,406,470. This represents a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 950,591 shares of company stock valued at $33,370,615. Insiders own 5.72% of the company’s stock.

Institutional Trading of Ouster

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

Ouster Company Profile

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.