Ouster, Inc. (NYSE:OUST – Get Free Report) was down 4.5% during mid-day trading on Tuesday . The company traded as low as $12.38 and last traded at $12.46. Approximately 264,677 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,168,689 shares. The stock had previously closed at $13.05.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on OUST shares. Craig Hallum raised their price target 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 reissued a “neutral” rating and set a $10.00 target price on shares of Ouster in a report on Wednesday, April 3rd. Rosenblatt Securities raised their target price on shares of Ouster from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $8.00 target price on shares of Ouster in a report on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.10.
Ouster Stock Performance
The business’s 50-day simple moving average is $8.33 and its two-hundred day simple moving average is $6.72. The firm has a market cap of $559.82 million, a price-to-earnings ratio of -2.22 and a beta of 2.40. 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:OUST – Get Free Report) last issued its quarterly earnings data on Tuesday, March 26th. The company reported ($0.95) earnings per share for the quarter. The firm had revenue of $24.44 million during the quarter. Ouster had a negative return on equity of 88.42% and a negative net margin of 239.89%. As a group, sell-side analysts expect that Ouster, Inc. will post -3.54 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Ouster news, CFO Mark Weinswig sold 19,990 shares of the company’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Virginia Boulet bought 10,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was acquired at an average price of $12.20 per share, with a total value of $122,000.00. Following the completion of the purchase, the director now directly owns 173,089 shares of the company’s stock, valued at $2,111,685.80. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Weinswig sold 19,990 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total transaction of $186,906.50. Following the sale, the chief financial officer now directly owns 236,800 shares of the company’s stock, valued at approximately $2,214,080. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,986 shares of company stock worth $290,359. Company insiders own 6.00% of the company’s stock.
Institutional Trading of Ouster
Large investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. purchased a new stake in Ouster during the 4th quarter valued at about $70,000. Psagot Value Holdings Ltd. Israel purchased a new stake in shares of Ouster in the 4th quarter valued at approximately $76,000. International Assets Investment Management LLC grew its stake in shares of Ouster by 667.0% in the 4th quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock valued at $76,000 after buying an additional 8,604 shares during the period. Lake Street Advisors Group LLC purchased a new stake in shares of Ouster in the 1st quarter valued at approximately $79,000. Finally, Bison Wealth LLC purchased a new stake in shares of Ouster in the 4th quarter valued at approximately $79,000. Hedge funds and other 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.