Ouster (NYSE:OUST) PT Lowered to $12.00 at Cantor Fitzgerald

Ouster (NYSE:OUST) had its target price cut by Cantor Fitzgerald from $13.00 to $12.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

OUST has been the topic of several other reports. Craig Hallum dropped their price target on Ouster from $13.00 to $11.00 and set a buy rating on the stock in a research note on Wednesday. Rosenblatt Securities reissued a buy rating and set a $17.00 target price on shares of Ouster in a research note on Monday, August 12th. Finally, Westpark Capital reaffirmed a buy rating and issued a $17.00 price target on shares of Ouster in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $12.42.

Ouster Stock Performance

OUST stock opened at $8.01 on Wednesday. The firm has a market cap of $362.25 million, a PE ratio of -1.44 and a beta of 2.42. 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 stock has a 50-day moving average price of $11.46 and a 200-day moving average price of $9.14. Ouster has a 1-year low of $3.67 and a 1-year high of $16.88.

Insiders Place Their Bets

In other Ouster news, CFO Mark Weinswig sold 7,159 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $11.72, for a total value of $83,903.48. Following the transaction, the chief financial officer now owns 232,641 shares of the company’s stock, valued at $2,726,552.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ouster news, CFO Mark Weinswig sold 7,159 shares of the stock in a transaction on Wednesday, May 29th. The stock was 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 of the company’s stock, valued at $2,726,552.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Darien Spencer sold 3,836 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $11.14, for a total value of $42,733.04. Following the transaction, the chief operating officer now directly owns 309,967 shares in the company, valued at approximately $3,453,032.38. The disclosure for this sale can be found here. Insiders have sold a total of 16,168 shares of company stock valued at $184,264 in the last 90 days. 7.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Ouster by 7.6% in the first quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock worth $18,491,000 after acquiring an additional 164,360 shares during the period. Essex Investment Management Co. LLC purchased a new position in Ouster during the 1st quarter valued at about $1,698,000. New York State Common Retirement Fund increased its position in shares of Ouster by 21.0% during the fourth quarter. New York State Common Retirement Fund now owns 601,475 shares of the company’s stock valued at $4,613,000 after buying an additional 104,197 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Ouster in the first quarter worth about $111,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Ouster during the fourth quarter valued at approximately $103,000. 31.45% of the stock is owned by institutional investors.

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.