Ouster (NYSE:OUST) Coverage Initiated at Northland Securities

Northland Securities initiated coverage on shares of Ouster (NYSE:OUST) in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $14.00 target price on the stock.

Other analysts have also issued research reports about the company. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 target price on shares of Ouster in a research report on Friday, November 8th. Craig Hallum cut their target price on Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and cut their target price for the company from $12.00 to $10.00 in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $13.17.

Ouster Stock Performance

OUST stock opened at $9.08 on Thursday. The firm has a market cap of $451.92 million, a PE ratio of -3.53 and a beta of 2.50. The firm’s 50 day moving average price is $8.37 and its 200-day moving average price is $9.21. Ouster has a one year low of $4.65 and a one year high of $16.88.

Insider Transactions at Ouster

In other news, CFO Mark Weinswig sold 31,397 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $8.72, for a total transaction of $273,781.84. Following the sale, the chief financial officer now owns 198,650 shares of the company’s stock, valued at approximately $1,732,228. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.81% of the company’s stock.

Institutional Trading of Ouster

Large investors have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Ouster during the second quarter worth $27,000. Van ECK Associates Corp grew its stake in shares of Ouster by 28.4% during the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock worth $46,000 after purchasing an additional 1,608 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of Ouster during the third quarter worth $67,000. True North Advisors LLC acquired a new position in shares of Ouster during the third quarter worth $78,000. Finally, Intech Investment Management LLC acquired a new position in shares of Ouster during the third quarter worth $81,000. Hedge funds and other institutional investors 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.