Brokerages Set Ouster, Inc. (NYSE:OUST) Price Target at $15.95

Ouster, Inc. (NYSE:OUST) has earned an average recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $32.1667.

A number of analysts recently weighed in on OUST shares. Northland Securities set a $38.00 price target on shares of Ouster in a research report on Wednesday. Westpark Capital reaffirmed a “buy” rating and issued a $50.00 target price on shares of Ouster in a research report on Wednesday. Zacks Research lowered Ouster from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Oppenheimer reissued an “outperform” rating and set a $39.00 price target on shares of Ouster in a research report on Wednesday. Finally, Cantor Fitzgerald set a $33.00 price target on Ouster in a report on Thursday.

Insider Activity

In other Ouster news, CTO Mark Frichtl sold 25,329 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $28.46, for a total value of $720,863.34. Following the completion of the transaction, the chief technology officer directly owned 665,403 shares of the company’s stock, valued at $18,937,369.38. This represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Darien Spencer sold 18,274 shares of Ouster stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $28.46, for a total value of $520,078.04. Following the sale, the chief operating officer directly owned 346,132 shares in the company, valued at approximately $9,850,916.72. The trade was a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 104,615 shares of company stock valued at $2,992,286 in the last 90 days. Company insiders own 6.63% of the company’s stock.

Institutional Investors Weigh In On Ouster

A number of hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC raised its position in shares of Ouster by 5.5% in the 2nd 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. Nisa Investment Advisors LLC grew its position in shares of Ouster by 153.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock worth $29,000 after buying an additional 733 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Ouster by 0.8% in the third quarter. Penserra Capital Management LLC now owns 99,681 shares of the company’s stock worth $2,696,000 after buying an additional 827 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Ouster by 22.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,189 shares of the company’s stock worth $126,000 after buying an additional 950 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after acquiring an additional 1,089 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Stock Down 6.7%

OUST opened at $24.13 on Friday. Ouster has a 52-week low of $6.34 and a 52-week high of $41.65. The company has a 50 day moving average of $30.52 and a two-hundred day moving average of $23.40. The company has a market cap of $1.40 billion, a P/E ratio of -9.39 and a beta of 2.74.

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.