Ouster (NYSE:OUST) Trading 8.6% Higher

Shares of Ouster, Inc. (NYSE:OUST) traded up 8.6% on Monday . The company traded as high as $15.35 and last traded at $15.25. 277,163 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,167,128 shares. The stock had previously closed at $14.04.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Craig Hallum increased their price objective on shares of Ouster from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Chardan Capital reaffirmed a “neutral” rating and issued a $10.00 price objective on shares of Ouster in a report on Wednesday, April 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of Ouster in a report on Monday, July 15th. Finally, Rosenblatt Securities increased their price objective on shares of Ouster from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.10.

Ouster Stock Performance

The company has a current ratio of 3.09, a quick ratio of 2.83 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $11.58 and its two-hundred day moving average price is $8.43. The company has a market cap of $646.65 million, a P/E ratio of -2.73 and a beta of 2.43.

Ouster (NYSE:OUST) last announced its earnings results on Thursday, May 9th. The company reported ($0.55) EPS for the quarter. Ouster had a negative return on equity of 88.42% and a negative net margin of 239.89%. The firm had revenue of $25.94 million during the quarter. During the same period last year, the firm posted ($3.36) EPS. As a group, equities analysts forecast that Ouster, Inc. will post -2.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Virginia Boulet bought 10,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was bought at an average cost of $10.30 per share, for a total transaction of $103,000.00. Following the completion of the acquisition, the director now directly owns 163,089 shares in the company, valued at approximately $1,679,816.70. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Virginia Boulet purchased 10,000 shares of Ouster stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of $10.30 per share, with a total value of $103,000.00. Following the completion of the transaction, the director now directly owns 163,089 shares of the company’s stock, valued at $1,679,816.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Weinswig sold 7,159 shares of Ouster stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $11.72, for a total transaction of $83,903.48. Following the completion of the transaction, the chief financial officer now directly owns 232,641 shares in the company, valued at approximately $2,726,552.52. The disclosure for this sale can be found here. Insiders sold a total of 16,168 shares of company stock worth $184,264 over the last ninety days. 7.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ouster

A number of institutional investors have recently bought and sold shares of the business. Citigroup Inc. grew its holdings in shares of Ouster by 39.1% in the 3rd quarter. Citigroup Inc. now owns 34,095 shares of the company’s stock worth $172,000 after purchasing an additional 9,580 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Ouster during the 4th quarter worth about $141,000. International Assets Investment Management LLC lifted its position in 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 in the last quarter. 180 Wealth Advisors LLC lifted its position in Ouster by 28.4% during the 4th quarter. 180 Wealth Advisors LLC now owns 16,899 shares of the company’s stock worth $121,000 after buying an additional 3,737 shares in the last quarter. Finally, Bison Wealth LLC acquired a new position in Ouster during the 4th quarter worth about $79,000. Institutional investors and hedge funds 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.