Insider Buying: Ouster, Inc. (NYSE:OUST) CEO Buys $498,839.66 in Stock

Ouster, Inc. (NYSE:OUST) CEO Charles Angus Pacala acquired 50,954 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $9.79 per share, for a total transaction of $498,839.66. Following the completion of the acquisition, the chief executive officer now owns 769,957 shares of the company’s stock, valued at $7,537,879.03. This trade represents a 7.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ouster Stock Up 3.2 %

OUST traded up $0.29 during trading on Monday, reaching $9.37. The company’s stock had a trading volume of 1,079,464 shares, compared to its average volume of 1,163,512. The firm has a fifty day simple moving average of $8.43 and a two-hundred day simple moving average of $9.17. The company has a market cap of $466.35 million, a price-to-earnings ratio of -3.65 and a beta of 2.50. Ouster, Inc. has a 1 year low of $4.65 and a 1 year high of $16.88.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a research note on Thursday. Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $12.00 to $10.00 in a research note on Monday, November 11th. Rosenblatt Securities reissued a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Friday, November 8th. Finally, Northland Securities began coverage on Ouster in a research note on Thursday. They issued an “outperform” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $13.17.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently modified their holdings of OUST. Van ECK Associates Corp lifted its stake in shares of Ouster by 28.4% in the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after purchasing an additional 1,608 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ouster during the 2nd quarter worth approximately $27,000. Ballentine Partners LLC purchased a new position in Ouster in the 2nd quarter valued at approximately $101,000. Stoneridge Investment Partners LLC acquired a new position in shares of Ouster in the third quarter worth $67,000. Finally, True North Advisors LLC purchased a new stake in Ouster during the 3rd quarter worth about $78,000. 31.45% of the stock is owned by institutional investors and hedge funds.

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.