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

Ouster, Inc. (NYSE:OUST) CFO Mark Weinswig sold 19,712 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.69, for a total value of $191,009.28. Following the completion of the sale, the chief financial officer now owns 173,960 shares in the company, valued at $1,685,672.40. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $5,024.60.
• On Wednesday, November 20th, Mark Weinswig sold 31,397 shares of Ouster stock. The shares were sold at an average price of $8.72, for a total transaction of $273,781.84.

Ouster Stock Performance

Shares of OUST stock opened at $10.38 on Thursday. Ouster, Inc. has a 52-week low of $4.65 and a 52-week high of $16.88. The business’s fifty day moving average is $8.60 and its 200 day moving average is $9.18. The company has a market capitalization of $516.62 million, a PE ratio of -4.04 and a beta of 2.50.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OUST shares. Northland Securities assumed coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price target on shares of Ouster in a research report on Friday, November 8th. Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $12.00 to $10.00 in a report on Monday, November 11th. Finally, Northland Capmk upgraded Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $13.17.

Institutional Trading of Ouster

Large investors have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new stake in Ouster in the third quarter valued at approximately $706,000. Renaissance Technologies LLC bought a new position in shares of Ouster in the 2nd quarter worth $1,217,000. Bank of New York Mellon Corp purchased a new stake in shares of Ouster during the 2nd quarter valued at $1,305,000. Marshall Wace LLP lifted its holdings in shares of Ouster by 184.9% during the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock worth $6,424,000 after acquiring an additional 424,178 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in 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 acquiring an additional 87,844 shares in the last quarter. Institutional investors 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.