Rosenblatt Securities Issues Positive Forecast for Ouster (NASDAQ:OUST) Stock Price

Ouster (NASDAQ:OUST) had its target price upped by Rosenblatt Securities from $40.00 to $53.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ target price indicates a potential upside of 24.12% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Oppenheimer reissued an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Weiss Ratings started coverage on shares of Ouster in a report on Friday, May 15th. They issued a “sell (d-)” rating on the stock. Finally, Cantor Fitzgerald cut shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.80.

Ouster Stock Up 15.3%

Shares of NASDAQ:OUST opened at $42.70 on Wednesday. The stock has a market capitalization of $2.68 billion, a PE ratio of -44.02 and a beta of 3.06. The firm’s 50 day moving average price is $25.30 and its 200-day moving average price is $23.50. Ouster has a twelve month low of $10.36 and a twelve month high of $45.42.

Insider Buying and Selling at Ouster

In related news, Director Susan Heystee sold 9,316 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $34.80, for a total value of $324,196.80. Following the sale, the director owned 35,094 shares in the company, valued at approximately $1,221,271.20. The trade was a 20.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Cyrille Jacquemet sold 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $35.00, for a total transaction of $350,000.00. Following the completion of the sale, the executive owned 132,590 shares in the company, valued at $4,640,650. This represents a 7.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 503,475 shares of company stock worth $14,196,335. Company insiders own 5.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after buying an additional 1,089 shares during the period. Larson Financial Group LLC boosted its stake in Ouster by 118.8% during the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after buying an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd boosted its stake in Ouster by 38.1% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after buying an additional 800 shares during the period. SHP Wealth Management purchased a new position in Ouster during the fourth quarter worth $96,000. Finally, Van ECK Associates Corp boosted its stake in Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after buying an additional 525 shares during the period. 31.45% of the stock is owned by hedge funds and other institutional investors.

Ouster Company Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.