Mark Weinswig Sells 2,540 Shares of Ouster, Inc. (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUSTGet Free Report) CFO Mark Weinswig sold 2,540 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $6.16, for a total value of $15,646.40. Following the completion of the transaction, the chief financial officer now owns 227,047 shares of the company’s stock, valued at $1,398,609.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, August 29th, Mark Weinswig sold 519 shares of Ouster stock. The shares were sold at an average price of $7.35, for a total transaction of $3,814.65.

Ouster Stock Performance

NYSE:OUST opened at $6.29 on Wednesday. Ouster, Inc. has a 52 week low of $3.67 and a 52 week high of $16.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.14 and a current ratio of 3.40. The firm’s fifty day moving average is $9.99 and its 200-day moving average is $9.43. The firm has a market cap of $284.24 million, a P/E ratio of -1.13 and a beta of 2.37.

Ouster (NYSE:OUSTGet Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.53) EPS for the quarter. Ouster had a negative net margin of 122.32% and a negative return on equity of 68.48%. The firm had revenue of $26.99 million for the quarter. Equities analysts expect that Ouster, Inc. will post -2.4 earnings per share for the current year.

Institutional Investors Weigh In On Ouster

Several large investors have recently added to or reduced their stakes in OUST. The Manufacturers Life Insurance Company bought a new position in shares of Ouster during the 2nd quarter worth approximately $163,000. Alpha DNA Investment Management LLC bought a new position in Ouster during the second quarter worth $407,000. Marshall Wace LLP grew its holdings in Ouster by 184.9% in the second quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock worth $6,424,000 after purchasing an additional 424,178 shares during the period. XTX Topco Ltd increased its stake in Ouster by 43.5% in the second quarter. XTX Topco Ltd now owns 48,475 shares of the company’s stock valued at $477,000 after purchasing an additional 14,695 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Ouster in the second quarter valued at $1,217,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on OUST. Rosenblatt Securities restated a “buy” rating and issued a $17.00 price target on shares of Ouster in a research report on Monday, August 12th. Westpark Capital reissued a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research note on Monday, August 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $12.00 target price on shares of Ouster in a research report on Monday, September 9th. Finally, Craig Hallum reduced their price target on Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.40.

View Our Latest Stock Report on OUST

Ouster Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Ouster (NYSE:OUST)

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