Ouster (NYSE:OUST) Trading Down 12.2% - Time to Sell?

Ouster, Inc. (NYSE:OUST - Get Free Report)'s share price traded down 12.2% during trading on Tuesday . The stock traded as low as $25.05 and last traded at $25.73. 1,801,598 shares were traded during mid-day trading, an increase of 6% from the average session volume of 1,700,590 shares. The stock had previously closed at $29.32.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OUST shares. Cantor Fitzgerald restated a "neutral" rating and issued a $19.00 target price on shares of Ouster in a research note on Thursday, June 12th. Oppenheimer assumed coverage on shares of Ouster in a report on Thursday, March 27th. They set an "outperform" rating and a $16.00 target price on the stock. Westpark Capital lowered shares of Ouster from a "buy" rating to a "hold" rating in a research report on Thursday, June 12th. Finally, UBS Group set a $16.00 price target on shares of Ouster in a research report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ouster has a consensus rating of "Moderate Buy" and a consensus price target of $15.24.

Ouster Stock Down 6.6%

The firm has a market cap of $1.47 billion, a P/E ratio of -10.68 and a beta of 2.75. The business's 50 day moving average is $18.35 and its 200-day moving average is $12.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Ouster by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 367,388 shares of the company's stock valued at $4,489,000 after acquiring an additional 10,981 shares during the last quarter. Deutsche Bank AG boosted its holdings in Ouster by 30.8% in the fourth quarter. Deutsche Bank AG now owns 31,137 shares of the company's stock valued at $380,000 after acquiring an additional 7,329 shares during the last quarter. Barclays PLC boosted its holdings in Ouster by 22.9% in the fourth quarter. Barclays PLC now owns 70,447 shares of the company's stock valued at $861,000 after acquiring an additional 13,117 shares during the last quarter. Bank of America Corp DE boosted its holdings in Ouster by 14.2% in the fourth quarter. Bank of America Corp DE now owns 105,753 shares of the company's stock valued at $1,292,000 after acquiring an additional 13,145 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Ouster by 9,703.8% in the first quarter. GAMMA Investing LLC now owns 15,392 shares of the company's stock valued at $138,000 after acquiring an additional 15,235 shares during the last quarter. 31.45% of the stock is owned by institutional investors.

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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