Ouster, Inc. (NYSE:OUST) Short Interest Update

Ouster, Inc. (NYSE:OUST) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 4,210,000 shares, a drop of 15.1% from the February 28th total of 4,960,000 shares. Currently, 8.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,540,000 shares, the short-interest ratio is currently 2.7 days.

Analyst Upgrades and Downgrades

OUST has been the topic of several recent research reports. Cantor Fitzgerald lifted their target price on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 price target on shares of Ouster in a report on Friday, March 21st. Northland Securities initiated coverage on Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective for the company. Westpark Capital assumed coverage on Ouster in a report on Monday, March 17th. They set a “hold” rating on the stock. Finally, Northland Capmk raised Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.71.

Ouster Stock Down 5.9 %

OUST stock opened at $8.98 on Tuesday. The firm has a market cap of $446.94 million, a price-to-earnings ratio of -3.49 and a beta of 2.38. The company’s fifty day simple moving average is $9.32 and its 200 day simple moving average is $9.13. Ouster has a 12-month low of $5.84 and a 12-month high of $16.88.

Insider Buying and Selling at Ouster

In other news, General Counsel Megan Chung sold 5,800 shares of the business’s 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 sale, the general counsel now directly owns 220,762 shares in the company, valued at approximately $2,481,364.88. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 9,099 shares of company stock worth $90,460 over the last quarter. Corporate insiders own 7.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC grew its stake in Ouster by 280.6% during the third quarter. Barclays PLC now owns 57,330 shares of the company’s stock worth $361,000 after purchasing an additional 42,267 shares during the period. Geode Capital Management LLC increased its stake in shares of Ouster by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after acquiring an additional 62,202 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ouster by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 367,388 shares of the company’s stock valued at $4,489,000 after acquiring an additional 10,981 shares during the period. Stifel Financial Corp boosted its stake in Ouster by 286.7% during the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after acquiring an additional 44,275 shares in the last quarter. Finally, State Street Corp grew its holdings in Ouster by 2.4% in the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after purchasing an additional 37,926 shares during the period. 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.