Virginia Boulet Buys 10,000 Shares of Ouster, Inc. (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) Director Virginia Boulet purchased 10,000 shares of Ouster stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of $4.68 per share, for a total transaction of $46,800.00. Following the transaction, the director now owns 153,089 shares in the company, valued at $716,456.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Virginia Boulet also recently made the following trade(s):

• On Thursday, August 24th, Virginia Boulet purchased 1,600 shares of Ouster stock. The shares were bought at an average price of $6.20 per share, for a total transaction of $9,920.00.

Ouster Stock Performance

OUST stock opened at $4.52 on Tuesday. The business’s fifty day moving average is $5.68 and its 200-day moving average is $5.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.17 and a quick ratio of 3.76. Ouster, Inc. has a twelve month low of $3.21 and a twelve month high of $19.20.

Ouster (NYSE:OUST) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($1.81) earnings per share for the quarter. The firm had revenue of $19.40 million during the quarter. Ouster had a negative net margin of 643.51% and a negative return on equity of 107.57%. Research analysts predict that Ouster, Inc. will post -10.74 earnings per share for the current fiscal year.

Institutional Trading of Ouster

Several hedge funds have recently bought and sold shares of OUST. Amalgamated Bank raised its stake in shares of Ouster by 68.0% in the 1st quarter. Amalgamated Bank now owns 30,468 shares of the company’s stock valued at $25,000 after purchasing an additional 12,329 shares during the period. Stifel Financial Corp acquired a new stake in shares of Ouster in the 1st quarter valued at about $26,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Ouster in the first quarter valued at approximately $27,000. Two Sigma Securities LLC raised its holdings in shares of Ouster by 142.5% in the first quarter. Two Sigma Securities LLC now owns 31,776 shares of the company’s stock valued at $27,000 after purchasing an additional 18,674 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Ouster in the first quarter valued at approximately $27,000. 24.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OUST has been the topic of several research reports. Chardan Capital raised Ouster from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Thursday, July 13th. Citigroup upped their price objective on Ouster from $6.10 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Finally, Rosenblatt Securities restated a “buy” rating and set a $17.50 target price on shares of Ouster in a research report on Friday, August 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.57.

About Ouster

Ouster, Inc designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor; and DF, a solid-state flash sensor. The company is based in San Francisco, California.