Ouster, Inc. (NYSE:OUST) CFO Sells $191,009.28 in Stock

Ouster, Inc. (NYSE:OUST - Get Free Report) CFO Mark Weinswig sold 19,712 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 transaction of $191,009.28. Following the completion of the sale, the chief financial officer now owns 173,960 shares in the company, valued at approximately $1,685,672.40. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mark Weinswig also recently made the following trade(s):

• On Friday, November 29th, Mark Weinswig sold 518 shares of Ouster stock. The stock was sold at an average price of $9.70, for a total value of $5,024.60.
• On Wednesday, November 20th, Mark Weinswig sold 31,397 shares of Ouster stock. The stock was sold at an average price of $8.72, for a total value of $273,781.84.

Ouster Stock Performance

Shares of NYSE OUST traded up $0.29 during trading on Monday, hitting $9.37. The company had a trading volume of 1,079,464 shares, compared to its average volume of 1,163,512. Ouster, Inc. has a 52 week low of $4.65 and a 52 week high of $16.88. The business's 50-day moving average is $8.43 and its 200 day moving average is $9.17. The company has a market cap of $466.35 million, a P/E ratio of -3.65 and a beta of 2.50.

Analysts Set New Price Targets

OUST has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded shares of Ouster from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $12.00 to $10.00 in a research report on Monday, November 11th. Northland Securities started coverage on Ouster in a report on Thursday. They set an "outperform" rating and a $14.00 target price on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 price target on shares of Ouster in a research note on Friday, November 8th. Finally, Northland Capmk raised Ouster to a "strong-buy" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $13.17.

Institutional Investors Weigh In On Ouster

Hedge funds have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Ouster in the 2nd quarter worth approximately $27,000. Van ECK Associates Corp lifted its holdings in shares of Ouster by 28.4% in the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company's stock valued at $46,000 after purchasing an additional 1,608 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Ouster in the third quarter worth $67,000. True North Advisors LLC purchased a new position in shares of Ouster during the third quarter valued at $78,000. Finally, Intech Investment Management LLC acquired a new position in Ouster during the third quarter valued at $81,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

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.

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