Ouster (NYSE:OUST) Stock Rating Upgraded by Westpark Capital

Ouster (NYSE:OUST - Get Free Report) was upgraded by investment analysts at Westpark Capital from a "hold" rating to a "buy" rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a $13.68 price objective on the stock. Westpark Capital's price objective would suggest a potential upside of 20.32% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. UBS Group set a $16.00 target price on Ouster in a report on Thursday, March 27th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $17.00 price target on shares of Ouster in a research report on Friday, March 21st. Cantor Fitzgerald boosted their price objective on shares of Ouster from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Finally, Oppenheimer initiated coverage on Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 price objective for the company. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $14.10.

Ouster Stock Down 0.4%

OUST stock traded down $0.04 during trading on Friday, reaching $11.37. The company's stock had a trading volume of 1,055,996 shares, compared to its average volume of 1,285,605. The company has a market capitalization of $611.32 million, a P/E ratio of -4.42 and a beta of 2.25. The company's fifty day moving average is $8.23 and its 200-day moving average is $9.35. Ouster has a 1 year low of $5.84 and a 1 year high of $16.88.

Insider Buying and Selling at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total transaction of $65,192.00. Following the transaction, the general counsel now directly owns 220,762 shares in the company, valued at $2,481,364.88. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 9,099 shares of company stock worth $90,460 in the last three months. 7.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ouster

A number of institutional investors and hedge funds have recently modified their holdings of the company. EVR Research LP purchased a new stake in shares of Ouster in the fourth quarter valued at about $5,343,000. Trexquant Investment LP increased its stake in shares of Ouster by 113.9% during the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company's stock worth $7,362,000 after acquiring an additional 320,742 shares during the period. Penn Capital Management Company LLC raised its holdings in Ouster by 27.4% during the fourth quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company's stock worth $13,375,000 after purchasing an additional 235,563 shares in the last quarter. Manatuck Hill Partners LLC purchased a new stake in Ouster in the 4th quarter valued at approximately $2,566,000. Finally, Herald Investment Management Ltd purchased a new position in shares of Ouster during the 1st quarter worth approximately $1,794,000. Institutional investors and hedge funds own 31.45% of the company's stock.

About Ouster

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.