Insider Selling: Ouster, Inc. (NYSE:OUST) CFO Sells 19,990 Shares of Stock

Ouster, Inc. (NYSE:OUST - Get Free Report) CFO Mark Weinswig sold 19,990 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $9.35, for a total value of $186,906.50. Following the completion of the transaction, the chief financial officer now owns 236,800 shares of the company's stock, valued at approximately $2,214,080. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, March 12th, Mark Weinswig sold 3,079 shares of Ouster stock. The stock was sold at an average price of $5.13, for a total value of $15,795.27.

Ouster Trading Down 0.1 %

Shares of Ouster stock opened at $9.99 on Friday. Ouster, Inc. has a twelve month low of $3.21 and a twelve month high of $11.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.68 and a current ratio of 4.11. The company's 50 day moving average is $5.80 and its 200 day moving average is $5.60.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Chardan Capital restated a "neutral" rating and set a $10.00 target price on shares of Ouster in a report on Wednesday. Craig Hallum lifted their price target on Ouster from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $8.00 price objective on shares of Ouster in a research report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $9.50.


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Institutional Investors Weigh In On Ouster

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Ouster by 104.5% during the 1st quarter. BlackRock Inc. now owns 19,289,840 shares of the company's stock valued at $16,140,000 after purchasing an additional 9,859,041 shares during the last quarter. State Street Corp raised its position in Ouster by 142.5% in the first quarter. State Street Corp now owns 11,387,013 shares of the company's stock worth $9,528,000 after acquiring an additional 6,691,110 shares during the period. Geode Capital Management LLC boosted its stake in shares of Ouster by 134.7% during the 1st quarter. Geode Capital Management LLC now owns 5,071,063 shares of the company's stock worth $4,243,000 after acquiring an additional 2,910,036 shares during the last quarter. Penn Capital Management Company LLC grew its position in shares of Ouster by 7.5% during the 1st quarter. Penn Capital Management Company LLC now owns 3,553,332 shares of the company's stock valued at $2,987,000 after acquiring an additional 247,959 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Ouster by 8.6% in the 1st quarter. New York State Common Retirement Fund now owns 2,577,098 shares of the company's stock worth $2,156,000 after purchasing an additional 204,494 shares during the period. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

About Ouster

(Get Free Report)

Ouster, Inc designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor; and DF, a solid-state flash sensor. The company is based in San Francisco, California.

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