Ouster (NYSE:OUST) Coverage Initiated at Northland Securities

Northland Securities started coverage on shares of Ouster (NYSE:OUST) in a report released on Thursday, Marketbeat.com reports. The firm issued an outperform rating and a $14.00 price target on the stock.

Several other equities research analysts also recently weighed in on the stock. Craig Hallum decreased their target price on shares of Ouster from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a research note on Friday, November 8th. Finally, Cantor Fitzgerald upgraded shares of Ouster from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $12.00 to $10.00 in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Ouster currently has an average rating of “Moderate Buy” and an average target price of $13.17.

Ouster Stock Performance

NYSE OUST opened at $9.13 on Thursday. Ouster has a 1 year low of $4.65 and a 1 year high of $16.88. The company has a fifty day moving average of $8.31 and a two-hundred day moving average of $9.25.

Insider Buying and Selling

In related news, CFO Mark Weinswig sold 31,397 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total transaction of $273,781.84. Following the completion of the transaction, the chief financial officer now directly owns 198,650 shares of the company’s stock, valued at $1,732,228. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 7.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in Ouster by 28.4% in the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after buying an additional 1,608 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ouster in the second quarter valued at about $27,000. Ballentine Partners LLC purchased a new position in Ouster in the second quarter valued at about $101,000. Stoneridge Investment Partners LLC purchased a new position in Ouster in the third quarter valued at about $67,000. Finally, True North Advisors LLC purchased a new position in Ouster in the third quarter valued at about $78,000. 31.45% of the stock is owned by hedge funds and other 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.