Ouster (NYSE:OUST) Upgraded to “Strong-Buy” at Northland Capmk

Ouster (NYSE:OUST) was upgraded by equities researchers at Northland Capmk to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research firms also recently commented on OUST. Rosenblatt Securities reissued a “buy” rating and set a $17.00 price target on shares of Ouster in a research note on Friday, November 8th. Craig Hallum decreased their target price on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Northland Securities assumed coverage on shares of Ouster in a research report on Thursday. They set an “outperform” rating and a $14.00 price target for the company. Finally, Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $12.00 to $10.00 in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ouster currently has a consensus rating of “Buy” and an average price target of $13.17.

Ouster Trading Down 0.7 %

Shares of Ouster stock opened at $9.08 on Thursday. The firm has a market capitalization of $451.92 million, a PE ratio of -3.53 and a beta of 2.50. Ouster has a 12 month low of $4.65 and a 12 month high of $16.88. The business’s 50-day moving average price is $8.37 and its 200-day moving average price is $9.23.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Ouster

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP boosted its holdings in Ouster by 184.9% in the second quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock valued at $6,424,000 after acquiring an additional 424,178 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Ouster in the 2nd quarter worth about $1,305,000. Renaissance Technologies LLC bought a new stake in shares of Ouster during the 2nd quarter valued at about $1,217,000. GSA Capital Partners LLP purchased a new position in shares of Ouster during the third quarter valued at about $706,000. Finally, SG Americas Securities LLC raised its stake in Ouster by 783.0% in the second quarter. SG Americas Securities LLC now owns 99,063 shares of the company’s stock worth $974,000 after buying an additional 87,844 shares in the last quarter. Institutional investors own 31.45% of the company’s stock.

Ouster Company Profile

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.