Insider Buying: Ouster (NYSE:OUST) Director Buys 6,500 Shares of Stock

Ouster, Inc. (NYSE:OUST) Director Virginia Boulet acquired 6,500 shares of Ouster stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $20.95 per share, with a total value of $136,175.00. Following the acquisition, the director directly owned 228,342 shares of the company’s stock, valued at approximately $4,783,764.90. This trade represents a 2.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ouster Trading Up 1.4%

OUST stock traded up $0.28 during trading hours on Monday, hitting $20.55. 1,730,420 shares of the stock traded hands, compared to its average volume of 1,930,185. The stock has a 50-day simple moving average of $22.20 and a 200 day simple moving average of $25.66. The company has a market cap of $1.23 billion, a P/E ratio of -8.00 and a beta of 2.91. Ouster, Inc. has a one year low of $6.34 and a one year high of $41.65.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OUST. Oppenheimer reissued an “outperform” rating and issued a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Ouster has a consensus rating of “Moderate Buy” and a consensus target price of $36.17.

Institutional Trading of Ouster

Several institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in Ouster by 610.1% in the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after buying an additional 254,580 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ouster by 7.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock worth $255,000 after purchasing an additional 2,037 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Ouster during the 2nd quarter worth about $2,397,000. Los Angeles Capital Management LLC bought a new position in shares of Ouster in the second quarter worth about $761,000. Finally, Geode Capital Management LLC raised its position in Ouster by 8.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company’s stock worth $28,876,000 after purchasing an additional 95,510 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Ouster Company Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.