Mark Weinswig Sells 31,397 Shares of Ouster, Inc. (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) CFO Mark Weinswig sold 31,397 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $8.72, for a total value of $273,781.84. Following the completion of the sale, the chief financial officer now owns 198,650 shares of the company’s stock, valued at $1,732,228. This represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, September 12th, Mark Weinswig sold 2,540 shares of Ouster stock. The stock was sold at an average price of $6.16, for a total transaction of $15,646.40.
• On Thursday, August 29th, Mark Weinswig sold 519 shares of Ouster stock. The shares were sold at an average price of $7.35, for a total transaction of $3,814.65.

Ouster Trading Up 6.2 %

Shares of OUST opened at $9.53 on Friday. Ouster, Inc. has a 12 month low of $4.65 and a 12 month high of $16.88. The stock has a fifty day moving average price of $7.37 and a 200-day moving average price of $9.45. The firm has a market cap of $474.31 million, a PE ratio of -3.71 and a beta of 2.34.

Analyst Ratings Changes

OUST has been the topic of a number of recent research reports. Craig Hallum dropped their price objective on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Westpark Capital reiterated a “buy” rating and issued a $17.00 price target on shares of Ouster in a report on Monday, August 12th. Rosenblatt Securities restated a “buy” rating and set a $17.00 price objective on shares of Ouster in a research note on Friday, November 8th. Finally, Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and cut their target price for the company from $12.00 to $10.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Institutional Investors Weigh In On Ouster

Several institutional investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Ouster in the 2nd quarter valued at approximately $27,000. Van ECK Associates Corp lifted its stake in shares of Ouster by 28.4% during the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock worth $46,000 after buying an additional 1,608 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in shares of Ouster during the third quarter valued at $67,000. True North Advisors LLC acquired a new position in shares of Ouster in the 3rd quarter valued at $78,000. Finally, Lake Street Advisors Group LLC purchased a new position in Ouster in the 1st quarter worth $79,000. Institutional investors and hedge funds 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.