Ouster’s (OUST) “Buy” Rating Reiterated at Westpark Capital

Westpark Capital reaffirmed their buy rating on shares of Ouster (NYSE:OUST) in a report released on Wednesday morning,Benzinga reports. They currently have a $50.00 target price on the stock.

A number of other research firms have also recently weighed in on OUST. Zacks Research cut Ouster from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Oppenheimer restated an “outperform” rating and set a $39.00 price target on shares of Ouster in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $32.17.

Ouster Stock Performance

NYSE:OUST traded up $1.58 during midday trading on Wednesday, reaching $25.71. 3,374,877 shares of the stock traded hands, compared to its average volume of 2,366,041. The stock has a market capitalization of $1.49 billion, a PE ratio of -10.00 and a beta of 2.74. Ouster has a 12-month low of $6.34 and a 12-month high of $41.65. The business has a 50-day moving average of $30.46 and a two-hundred day moving average of $23.53.

Insider Transactions at Ouster

In related news, COO Darien Spencer sold 18,274 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.46, for a total value of $520,078.04. Following the sale, the chief operating officer owned 346,132 shares in the company, valued at $9,850,916.72. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Angus Pacala sold 37,992 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.46, for a total transaction of $1,081,252.32. Following the completion of the transaction, the chief executive officer owned 1,009,927 shares in the company, valued at approximately $28,742,522.42. This trade represents a 3.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 104,615 shares of company stock worth $2,992,286. 6.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Ouster by 153.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock valued at $29,000 after buying an additional 733 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Ouster by 8,823.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock valued at $37,000 after buying an additional 1,500 shares during the period. Game Plan Financial Advisors LLC boosted its stake in shares of Ouster by 400.0% in the second quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company’s stock worth $73,000 after buying an additional 2,400 shares during the last quarter. Finally, North Capital Inc. boosted its stake in shares of Ouster by 102.7% in the second quarter. North Capital Inc. now owns 3,000 shares of the company’s stock worth $73,000 after buying an additional 1,520 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

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.