Ouster (NYSE:OUST) Earns “Buy” Rating from Westpark Capital

Westpark Capital reaffirmed their buy rating on shares of Ouster (NYSE:OUST) in a research report released on Monday morning, Marketbeat Ratings reports. They currently have a $17.00 target price on the stock.

Other research analysts also recently issued reports about the company. Rosenblatt Securities lifted their price objective on Ouster from $12.00 to $17.00 and gave the stock a buy rating in a research report on Friday, May 10th. Craig Hallum lifted their price objective on Ouster from $10.00 to $13.00 and gave the stock a buy rating in a research report on Friday, May 10th. Finally, Cantor Fitzgerald restated a neutral rating and set a $13.00 price objective on shares of Ouster in a research report on Monday, July 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $12.42.

Ouster Trading Down 27.7 %

Shares of Ouster stock opened at $7.87 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.09 and a quick ratio of 2.83. Ouster has a 1 year low of $3.67 and a 1 year high of $16.88. The company has a market capitalization of $355.92 million, a P/E ratio of -1.41 and a beta of 2.42. The business has a 50 day moving average price of $11.61 and a 200 day moving average price of $9.13.

Insiders Place Their Bets

In other news, Director Virginia Boulet bought 10,000 shares of the stock in a transaction on Thursday, June 13th. The stock was purchased at an average cost of $10.30 per share, with a total value of $103,000.00. Following the purchase, the director now owns 163,089 shares of the company’s stock, valued at $1,679,816.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Mark Weinswig sold 2,535 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $11.14, for a total transaction of $28,239.90. Following the completion of the sale, the chief financial officer now directly owns 230,106 shares of the company’s stock, valued at approximately $2,563,380.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Virginia Boulet acquired 10,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were bought at an average cost of $10.30 per share, with a total value of $103,000.00. Following the completion of the purchase, the director now directly owns 163,089 shares in the company, valued at $1,679,816.70. The disclosure for this purchase can be found here. In the last three months, insiders sold 16,168 shares of company stock valued at $184,264. Company insiders own 7.81% of the company’s stock.

Institutional Trading of Ouster

Several institutional investors have recently made changes to their positions in the stock. 180 Wealth Advisors LLC grew its stake in shares of Ouster by 8.5% during the 2nd quarter. 180 Wealth Advisors LLC now owns 23,168 shares of the company’s stock valued at $228,000 after buying an additional 1,823 shares during the period. Jump Financial LLC lifted its holdings in shares of Ouster by 25.2% during the 4th quarter. Jump Financial LLC now owns 26,217 shares of the company’s stock valued at $201,000 after acquiring an additional 5,276 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Ouster during the 2nd quarter valued at $56,000. Russell Investments Group Ltd. lifted its holdings in shares of Ouster by 17.2% during the 1st quarter. Russell Investments Group Ltd. now owns 49,611 shares of the company’s stock valued at $394,000 after acquiring an additional 7,269 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Ouster by 667.0% during the 4th quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock valued at $76,000 after acquiring an additional 8,604 shares in the last quarter. 31.45% of the stock is owned by hedge funds and other 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.