Ouster, Inc. (NYSE:OUST) CFO Mark Weinswig Sells 19,712 Shares

Ouster, Inc. (NYSE:OUST) CFO Mark Weinswig sold 19,712 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was 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 of the company’s stock, valued at approximately $1,685,672.40. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, November 29th, Mark Weinswig sold 518 shares of Ouster stock. The shares were 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 shares were sold at an average price of $8.72, for a total transaction of $273,781.84.

Ouster Stock Up 3.2 %

OUST traded up $0.29 during trading on Monday, reaching $9.37. 1,079,464 shares of the company’s stock were exchanged, compared to its average volume of 1,163,512. The company has a market capitalization of $466.35 million, a P/E ratio of -3.65 and a beta of 2.50. The business has a 50 day moving average price of $8.43 and a 200 day moving average price of $9.17. Ouster, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $16.88.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Rosenblatt Securities reissued a “buy” rating and set a $17.00 price objective on shares of Ouster in a report on Friday, November 8th. Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $12.00 to $10.00 in a research report on Monday, November 11th. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday. Finally, Northland Securities started coverage on Ouster in a report on Thursday. They set an “outperform” rating and a $14.00 price target for the company. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ouster currently has a consensus rating of “Buy” and an average price target of $13.17.

Institutional Trading of Ouster

Several institutional investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ouster in the second quarter valued at $27,000. Van ECK Associates Corp boosted its stake in shares of Ouster by 28.4% in the 3rd 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 bought a new stake in shares of Ouster in the 3rd quarter worth about $67,000. True North Advisors LLC bought a new position in Ouster during the 3rd quarter valued at about $78,000. Finally, Intech Investment Management LLC acquired a new position in Ouster in the third quarter valued at about $81,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

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.