Darien Spencer Sells 14,869 Shares of Ouster, Inc. (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST - Get Free Report) COO Darien Spencer sold 14,869 shares of Ouster stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.69, for a total value of $144,080.61. Following the transaction, the chief operating officer now owns 291,718 shares of the company's stock, valued at $2,826,747.42. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ouster Stock Performance

Ouster stock traded up $0.29 during trading on Monday, reaching $9.37. The company had a trading volume of 1,079,464 shares, compared to its average volume of 1,163,512. The firm's 50-day simple moving average is $8.43 and its 200 day simple moving average is $9.17. The firm has a market capitalization of $466.35 million, a PE ratio of -3.65 and a beta of 2.50. Ouster, Inc. has a 1-year low of $4.65 and a 1-year high of $16.88.

Analysts Set New Price Targets

Several research analysts recently weighed in on OUST shares. Northland Securities initiated coverage on Ouster in a research report on Thursday. They set an "outperform" rating and a $14.00 price target for the company. Cantor Fitzgerald raised shares of Ouster from a "neutral" rating to an "overweight" rating and cut their target price for the company from $12.00 to $10.00 in a report on Monday, November 11th. Rosenblatt Securities reissued a "buy" rating and set a $17.00 price target on shares of Ouster in a report on Friday, November 8th. Finally, Northland Capmk raised shares of Ouster to a "strong-buy" rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $13.17.

Institutional Trading of Ouster

Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in shares of Ouster in the third quarter worth approximately $706,000. Renaissance Technologies LLC acquired a new stake in Ouster during the 2nd quarter worth $1,217,000. Bank of New York Mellon Corp purchased a new stake in shares of Ouster during the second quarter worth $1,305,000. Marshall Wace LLP raised its position in shares of Ouster by 184.9% in the second quarter. Marshall Wace LLP now owns 653,530 shares of the company's stock valued at $6,424,000 after buying an additional 424,178 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Ouster by 783.0% in the second quarter. SG Americas Securities LLC now owns 99,063 shares of the company's stock worth $974,000 after buying an additional 87,844 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.

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.

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