Ouster, Inc. (NYSE:OUST) CFO Chen Geng Sells 3,050 Shares

Ouster, Inc. (NYSE:OUST) CFO Chen Geng sold 3,050 shares of Ouster stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $7.63, for a total value of $23,271.50. Following the completion of the sale, the chief financial officer now directly owns 38,090 shares in the company, valued at $290,626.70. This represents a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ouster Trading Up 5.4 %

OUST stock opened at $7.97 on Friday. The firm has a 50 day moving average of $9.84 and a 200-day moving average of $8.87. Ouster, Inc. has a 12-month low of $4.66 and a 12-month high of $16.88. The company has a market cap of $396.67 million, a price-to-earnings ratio of -3.10 and a beta of 2.38.

Institutional Investors Weigh In On Ouster

A number of hedge funds and other institutional investors have recently modified their holdings of OUST. Van ECK Associates Corp raised its position in shares of Ouster by 28.4% during the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock worth $46,000 after purchasing an additional 1,608 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Ouster during the 3rd quarter worth approximately $706,000. Intech Investment Management LLC acquired a new position in shares of Ouster during the 3rd quarter worth approximately $81,000. Charles Schwab Investment Management Inc. raised its position in shares of Ouster by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock worth $2,245,000 after purchasing an additional 34,743 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Ouster during the 3rd quarter worth approximately $167,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Northland Securities assumed coverage on Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective on the stock. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $13.17.

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.