Ouster, Inc. (NYSE:OUST – Get Free Report) was up 12.6% during mid-day trading on Monday . The company traded as high as $27.92 and last traded at $28.3770. Approximately 1,776,538 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 2,125,554 shares. The stock had previously closed at $25.20.
Analyst Ratings Changes
Several equities analysts recently issued reports on OUST shares. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reissued an “outperform” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Finally, Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.
View Our Latest Report on OUST
Ouster Stock Up 6.5%
Insider Transactions at Ouster
In related news, General Counsel Megan Chung sold 5,837 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $24.70, for a total transaction of $144,173.90. Following the completion of the transaction, the general counsel directly owned 213,836 shares in the company, valued at $5,281,749.20. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Mark Frichtl sold 13,451 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $30.00, for a total transaction of $403,530.00. Following the completion of the transaction, the chief technology officer owned 712,297 shares of the company’s stock, valued at approximately $21,368,910. This trade represents a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 303,409 shares of company stock worth $7,524,471. Company insiders own 6.63% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of OUST. Invesco Ltd. raised its position in shares of Ouster by 1,521.8% in the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after acquiring an additional 536,413 shares during the period. Vanguard Group Inc. increased its stake in shares of Ouster by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock worth $127,683,000 after purchasing an additional 478,372 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Ouster by 130.7% during the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after purchasing an additional 405,441 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Ouster during the third quarter worth about $9,193,000. Finally, Squarepoint Ops LLC increased its stake in shares of Ouster by 517.5% during the fourth quarter. Squarepoint Ops LLC now owns 401,727 shares of the company’s stock worth $8,693,000 after purchasing an additional 336,673 shares in the last quarter. 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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