Ouster (NYSE:OUST) Lowered to "Hold" Rating by Zacks Research

Key Points

• Ouster Inc. was downgraded from a "strong-buy" to a "hold" rating by Zacks Research, reflecting a shift in investor sentiment towards the stock.
• Despite the downgrade from Zacks, Westpark Capital upgraded Ouster from "hold" to "buy", indicating mixed analyst opinions on its investment potential.
• The stock has shown significant volatility, with a 1-year low of $6.34 and a 1-year high of $36.77, suggesting considerable trading opportunities.

Ouster (NYSE:OUST - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Westpark Capital upgraded shares of Ouster from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.95.

Ouster Trading Up 16.4%

Shares of NYSE:OUST opened at $36.16 on Monday. The stock has a market capitalization of $2.09 billion, a PE ratio of -14.07 and a beta of 2.72. Ouster has a 1 year low of $6.34 and a 1 year high of $36.77. The firm has a fifty day moving average price of $29.86 and a 200 day moving average price of $20.54.

Insider Activity at Ouster

In other 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 transaction of $720,863.34. Following the completion of the transaction, the chief technology officer owned 665,403 shares of the company's stock, valued at approximately $18,937,369.38. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Darien Spencer sold 18,274 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 transaction of $520,078.04. Following the transaction, the chief operating officer directly owned 346,132 shares of the company's stock, valued at $9,850,916.72. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,778 shares of company stock worth $2,811,222 over the last ninety days. Corporate insiders own 6.63% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company's stock worth $27,000 after purchasing an additional 1,089 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Ouster by 153.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company's stock worth $29,000 after purchasing an additional 733 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Ouster by 8,823.5% in the second quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company's stock worth $37,000 after purchasing an additional 1,500 shares in the last quarter. Game Plan Financial Advisors LLC raised its position in Ouster by 400.0% in the second quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company's stock worth $73,000 after purchasing an additional 2,400 shares in the last quarter. Finally, North Capital Inc. raised its position in Ouster by 102.7% in the second quarter. North Capital Inc. now owns 3,000 shares of the company's stock worth $73,000 after purchasing an additional 1,520 shares in the last quarter. Institutional investors and hedge funds 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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