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

Ouster, Inc. (NYSE:OUST) CFO Chen Geng sold 3,050 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $7.63, for a total transaction of $23,271.50. Following the completion of the transaction, the chief financial officer now owns 38,090 shares in the company, valued at $290,626.70. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ouster Price Performance

NYSE:OUST opened at $7.97 on Friday. Ouster, Inc. has a one year low of $4.68 and a one year high of $16.88. The company’s 50-day simple moving average is $9.84 and its 200 day simple moving average is $8.88. The firm has a market capitalization of $396.67 million, a P/E ratio of -3.10 and a beta of 2.38.

Analyst Ratings Changes

OUST has been the topic of a number of analyst reports. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Northland Securities began coverage on shares of Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective on the stock. One 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’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $13.17.

Institutional Investors Weigh In On Ouster

Hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its stake in Ouster by 280.6% during the third quarter. Barclays PLC now owns 57,330 shares of the company’s stock worth $361,000 after acquiring an additional 42,267 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ouster by 6.8% in the third quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock worth $6,146,000 after buying an additional 62,202 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Ouster in the third quarter worth approximately $706,000. Stifel Financial Corp lifted its stake in shares of Ouster by 286.7% in the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after buying an additional 44,275 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Ouster by 2.4% in the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after buying an additional 37,926 shares in the last quarter. 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.