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

Ouster, Inc. (NYSE:OUST) CFO Mark Weinswig sold 19,712 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 $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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 29th, Mark Weinswig sold 518 shares of Ouster stock. The stock was sold at an average price of $9.70, for a total transaction 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 Performance

Shares of NYSE OUST opened at $10.99 on Wednesday. The stock has a market cap of $546.73 million, a price-to-earnings ratio of -4.27 and a beta of 2.50. Ouster, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $16.88. The firm’s 50-day simple moving average is $8.52 and its 200 day simple moving average is $9.17.

Wall Street Analysts Forecast Growth

OUST has been the subject of a number of research reports. Rosenblatt Securities restated a “buy” rating and issued a $17.00 price target on shares of Ouster in a report on Friday, November 8th. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Northland Securities assumed coverage on Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target on the stock. Finally, Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $12.00 to $10.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $13.17.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OUST. GSA Capital Partners LLP bought a new stake in Ouster during the third quarter worth $706,000. Renaissance Technologies LLC bought a new stake in shares of Ouster in the 2nd quarter worth $1,217,000. Bank of New York Mellon Corp purchased a new stake in shares of Ouster in the second quarter valued at about $1,305,000. Marshall Wace LLP lifted its position in shares of Ouster by 184.9% during the second quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock valued at $6,424,000 after purchasing an additional 424,178 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Ouster by 783.0% in the 2nd quarter. SG Americas Securities LLC now owns 99,063 shares of the company’s stock worth $974,000 after purchasing an additional 87,844 shares in the last quarter. Institutional investors own 31.45% of the company’s stock.

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.