Ouster, Inc. (NYSE:OUST) Given Consensus Rating of "Buy" by Analysts

Key Points

• Ouster, Inc. (NYSE:OUST) has received an average consensus rating of "Buy" from analysts, with one hold rating and four buy ratings, leading to a target price of approximately $15.95.
• The company's stock is experiencing significant price volatility, having a one-year low of $6.16 and a high of $36.25, with an average trading price around $32.69.
• Insider trading activity has seen the CTO and General Counsel sell shares recently, which brought total insider sales to approximately $2.81 million over the last ninety days.

Shares of Ouster, Inc. (NYSE:OUST - Get Free Report) have received an average recommendation of "Buy" from the six analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $15.9467.

OUST has been the topic of several recent analyst reports. Westpark Capital upgraded shares of Ouster from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Cantor Fitzgerald restated a "neutral" rating and issued a $19.00 target price on shares of Ouster in a report on Thursday, June 12th.

Ouster Price Performance

Shares of NYSE OUST opened at $32.69 on Wednesday. Ouster has a one year low of $6.16 and a one year high of $36.25. The firm's 50 day simple moving average is $29.04 and its two-hundred day simple moving average is $19.82. The stock has a market capitalization of $1.89 billion, a P/E ratio of -12.72 and a beta of 2.72.

Insider Activity

In other news, CTO Mark Frichtl sold 25,329 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.46, for a total value of $720,863.34. Following the transaction, the chief technology officer owned 665,403 shares in the company, valued at approximately $18,937,369.38. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Megan Chung sold 17,183 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.46, for a total transaction of $489,028.18. Following the completion of the transaction, the general counsel owned 203,036 shares in the company, valued at $5,778,404.56. This represents a 7.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,778 shares of company stock worth $2,811,222 over the last ninety days. Company insiders own 6.63% of the company's stock.

Institutional Trading of Ouster

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted 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. Nisa Investment Advisors LLC lifted its position in Ouster by 153.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company's stock valued at $29,000 after buying an additional 733 shares during the period. TD Waterhouse Canada Inc. lifted its position in Ouster by 8,823.5% during the second quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company's stock valued at $37,000 after buying an additional 1,500 shares during the period. Byrne Asset Management LLC purchased a new position in Ouster during the first quarter valued at $39,000. Finally, FNY Investment Advisers LLC purchased a new position in Ouster during the first quarter valued at $49,000. Institutional investors own 31.45% of the company's stock.

Ouster Company Profile

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.

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