Ouster (NYSE:OUST) Upgraded to “Buy” at Westpark Capital

Westpark Capital upgraded shares of Ouster (NYSE:OUST) from a hold rating to a buy rating in a research report sent to investors on Friday, Marketbeat reports. They currently have $13.68 target price on the stock.

Several other research analysts have also recently issued reports on the stock. Cantor Fitzgerald raised their target price on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Rosenblatt Securities restated a “buy” rating and set a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st. UBS Group set a $16.00 target price on Ouster in a research report on Thursday, March 27th. Finally, Oppenheimer began coverage on shares of Ouster in a report on Thursday, March 27th. They issued an “outperform” rating and a $16.00 price objective for the company. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $14.10.

Ouster Trading Up 22.8%

NYSE OUST opened at $10.62 on Friday. The stock has a market cap of $570.99 million, a P/E ratio of -4.13 and a beta of 2.25. The company has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $9.31. Ouster has a 12-month low of $5.84 and a 12-month high of $16.88.

Insider Activity at Ouster

In related news, General Counsel Megan Chung sold 5,800 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total transaction of $65,192.00. Following the transaction, the general counsel now owns 220,762 shares of the company’s stock, valued at approximately $2,481,364.88. This represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 9,099 shares of company stock worth $90,460. Company insiders own 7.81% of the company’s stock.

Hedge Funds Weigh In On Ouster

Several institutional investors have recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new stake in shares of Ouster during the first quarter worth about $39,000. FNY Investment Advisers LLC acquired a new stake in Ouster during the 1st quarter worth approximately $49,000. Daiwa Securities Group Inc. lifted its holdings in Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after buying an additional 1,063 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Ouster in the 1st quarter valued at approximately $97,000. Finally, AlphaQuest LLC grew its stake in shares of Ouster by 916.0% in the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock worth $101,000 after acquiring an additional 7,456 shares in the last quarter. 31.45% of the stock is owned by institutional investors and hedge funds.

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.