Ouster (NYSE:OUST) Shares Gap Down to $12.38

Ouster, Inc. (NYSE:OUSTGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $12.38, but opened at $12.05. Ouster shares last traded at $11.97, with a volume of 124,659 shares trading hands.

Analysts Set New Price Targets

OUST has been the topic of several recent research reports. Rosenblatt Securities raised their target price on Ouster from $12.00 to $17.00 and gave the company a “buy” rating in a 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 note on Friday, May 10th. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $8.00 to $13.00 in a research note on Wednesday. Finally, Chardan Capital reiterated a “neutral” rating and issued a $10.00 price objective on shares of Ouster in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Ouster has an average rating of “Hold” and a consensus price target of $12.10.

View Our Latest Stock Report on Ouster

Ouster Trading Down 3.9 %

The firm has a market capitalization of $538.12 million, a price-to-earnings ratio of -2.11 and a beta of 2.40. The business has a 50-day moving average of $8.48 and a two-hundred day moving average of $6.78. The company has a quick ratio of 2.83, a current ratio of 3.09 and a debt-to-equity ratio of 0.26.

Ouster (NYSE:OUSTGet Free Report) last released its earnings results on Tuesday, March 26th. The company reported ($0.95) earnings per share for the quarter. The firm had revenue of $24.44 million for the quarter. Ouster had a negative return on equity of 88.42% and a negative net margin of 239.89%. Research analysts predict that Ouster, Inc. will post -3.54 EPS for the current fiscal year.

Insider Buying and Selling at Ouster

In other news, CFO Mark Weinswig sold 19,990 shares of Ouster stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $9.35, for a total value of $186,906.50. Following the completion of the transaction, the chief financial officer now owns 236,800 shares in the company, valued at $2,214,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Mark Weinswig sold 19,990 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $9.35, for a total value of $186,906.50. Following the completion of the transaction, the chief financial officer now owns 236,800 shares in the company, valued at approximately $2,214,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Megan Chung sold 5,776 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $7.96, for a total transaction of $45,976.96. Following the sale, the general counsel now owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,986 shares of company stock valued at $290,359. 6.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ouster

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. acquired a new position in shares of Ouster during the 4th quarter worth about $70,000. International Assets Investment Management LLC boosted its stake 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 worth $76,000 after buying an additional 8,604 shares during the last quarter. Psagot Value Holdings Ltd. Israel acquired a new position in shares of Ouster during the 4th quarter worth about $76,000. Bison Wealth LLC acquired a new position in shares of Ouster during the 4th quarter worth about $79,000. Finally, Lake Street Advisors Group LLC acquired a new position in shares of Ouster during the 1st quarter worth about $79,000. 31.45% of the stock is owned by institutional investors and hedge funds.

About Ouster

(Get Free Report)

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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