Ouster, Inc. (NASDAQ:OUST – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $39.80, but opened at $44.10. Ouster shares last traded at $46.08, with a volume of 1,316,619 shares.
Analyst Upgrades and Downgrades
Several equities research analysts have commented 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. Rosenblatt Securities lifted their price target on shares of Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Oppenheimer reissued an “outperform” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Weiss Ratings started coverage on shares of Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Finally, Roth Mkm started coverage on Ouster in a report on Friday, May 29th. They set a “buy” rating and a $75.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.17.
Get Our Latest Stock Report on Ouster
Ouster Price Performance
Insiders Place Their Bets
In other Ouster news, CFO Kenneth P. Gianella sold 54,337 shares of Ouster stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $38.82, for a total value of $2,109,362.34. Following the sale, the chief financial officer owned 301,014 shares of the company’s stock, valued at $11,685,363.48. This trade represents a 15.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Darien Spencer sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $45.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief operating officer owned 342,366 shares in the company, valued at approximately $15,406,470. This trade represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 950,591 shares of company stock worth $33,370,615 in the last ninety days. 5.72% of the stock is owned by insiders.
Institutional Investors Weigh In On Ouster
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in Ouster by 2,532.6% during the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after acquiring an additional 1,089 shares during the last quarter. Larson Financial Group LLC raised its stake in Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after buying an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd raised its stake in Ouster by 38.1% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after buying an additional 800 shares during the period. SHP Wealth Management acquired a new stake in shares of Ouster in the fourth quarter valued at approximately $96,000. Finally, Van ECK Associates Corp boosted its stake in shares of Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after acquiring an additional 525 shares during the period. Institutional investors and hedge funds 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.
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