Ouster, Inc. (NASDAQ:OUST – Get Free Report)’s share price rose 10.9% during mid-day trading on Thursday . The company traded as high as $48.56 and last traded at $48.7670. Approximately 2,909,355 shares traded hands during trading, an increase of 5% from the average daily volume of 2,782,520 shares. The stock had previously closed at $43.96.
Analysts Set New Price Targets
OUST has been the subject of a number of recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Roth Mkm initiated coverage on shares of Ouster in a research report on Friday, May 29th. They set a “buy” rating and a $75.00 target price for the company. Cantor Fitzgerald cut shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Rosenblatt Securities raised their price objective on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings began coverage on shares of Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.17.
View Our Latest Research Report on Ouster
Ouster Stock Performance
Insider Activity at Ouster
In other news, CRO Cyrille Jacquemet sold 9,433 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $40.00, for a total value of $377,320.00. Following the transaction, the executive owned 123,158 shares of the company’s stock, valued at approximately $4,926,320. This trade represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Mark Frichtl sold 308,742 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $41.53, for a total transaction of $12,822,055.26. Following the completion of the transaction, the chief technology officer directly owned 294,924 shares in the company, valued at $12,248,193.72. This trade represents a 51.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 927,334 shares of company stock worth $31,530,882. 5.72% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of Ouster by 114.6% in the 1st quarter. Bank of America Corp DE now owns 217,390 shares of the company’s stock valued at $3,993,000 after purchasing an additional 116,096 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Ouster by 706.0% in the 1st quarter. Janus Henderson Group PLC now owns 177,895 shares of the company’s stock valued at $3,268,000 after purchasing an additional 155,825 shares during the last quarter. Amundi boosted its stake in shares of Ouster by 40.1% in the 1st quarter. Amundi now owns 21,921 shares of the company’s stock valued at $403,000 after purchasing an additional 6,278 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Ouster by 50.3% in the 1st quarter. California State Teachers Retirement System now owns 79,401 shares of the company’s stock valued at $1,459,000 after purchasing an additional 26,574 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Ouster by 34.4% in the 1st quarter. Royal Bank of Canada now owns 5,888 shares of the company’s stock valued at $108,000 after purchasing an additional 1,507 shares during 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.
Featured Articles
- Five stocks we like better than Ouster
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
- From Industry Titans to Tiny Fish: 3 Key Stocks Insiders are Trading
- MarketBeat Week in Review – 06/01 – 06/05
- AI Server Earnings: Wall Street Sees One Clear Standout
Receive News & Ratings for Ouster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ouster and related companies with MarketBeat.com's FREE daily email newsletter.
