Ouster, Inc. (NYSE:OUST - Get Free Report) CFO Chen Geng sold 3,050 shares of Ouster stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $7.63, for a total transaction of $23,271.50. Following the completion of the sale, the chief financial officer now directly owns 38,090 shares of the company's stock, valued at $290,626.70. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Ouster Stock Up 5.4 %
Shares of NYSE OUST opened at $7.97 on Friday. Ouster, Inc. has a 52-week low of $4.66 and a 52-week high of $16.88. The firm has a fifty day moving average of $9.84 and a 200-day moving average of $8.87. The stock has a market capitalization of $396.67 million, a PE ratio of -3.10 and a beta of 2.38.
Institutional Trading of Ouster
Institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its position in 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 period. Intech Investment Management LLC purchased a new stake in Ouster during the 3rd quarter worth $81,000. Daiwa Securities Group Inc. boosted its position in Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock worth $85,000 after purchasing an additional 1,063 shares during the period. AlphaQuest LLC boosted its position in Ouster by 916.0% during the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock worth $101,000 after purchasing an additional 7,456 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new stake in Ouster during the 4th quarter worth $154,000. 31.45% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have commented on OUST. Northland Securities began coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an "outperform" rating and a $14.00 target price for the company. Northland Capmk raised shares of Ouster to a "strong-buy" rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $13.17.
Read Our Latest Stock Report on OUST
About Ouster
(
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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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