Insider Selling: Ouster, Inc. (NYSE:OUST) COO Sells 14,869 Shares of Stock

Ouster, Inc. (NYSE:OUST) COO Darien Spencer sold 14,869 shares of Ouster stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $144,080.61. Following the transaction, the chief operating officer now owns 291,718 shares in the company, valued at approximately $2,826,747.42. The trade was a 4.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ouster Stock Up 3.2 %

OUST stock traded up $0.29 during mid-day trading on Monday, hitting $9.37. 1,079,464 shares of the company were exchanged, compared to its average volume of 1,163,512. The business has a fifty day simple moving average of $8.43 and a 200-day simple moving average of $9.17. The firm has a market capitalization of $466.35 million, a P/E ratio of -3.65 and a beta of 2.50. Ouster, Inc. has a 12-month low of $4.65 and a 12-month high of $16.88.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OUST. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 price target on shares of Ouster in a report on Friday, November 8th. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a research note on Thursday. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $12.00 to $10.00 in a research note on Monday, November 11th. Finally, Northland Securities initiated coverage on shares of Ouster in a report on Thursday. They set an “outperform” rating and a $14.00 price target for the company. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ouster has a consensus rating of “Buy” and an average price target of $13.17.

Hedge Funds Weigh In On Ouster

Hedge funds have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Ouster in the second quarter valued at approximately $27,000. Van ECK Associates Corp grew its stake in shares of Ouster by 28.4% in the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after buying an additional 1,608 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Ouster in the 3rd quarter valued at $67,000. True North Advisors LLC acquired a new position in Ouster during the 3rd quarter worth about $78,000. Finally, Intech Investment Management LLC purchased a new position in Ouster during the 3rd quarter valued at about $81,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

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.