Ouster, Inc. (NYSE:OUST – Get 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.
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
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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