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 that occurred 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 directly owns 198,650 shares of the company’s stock, valued at approximately $1,732,228. This represents a 13.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $6.16, for a total value 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 value of $3,814.65.

Ouster Stock Up 6.2 %

Shares of Ouster stock traded up $0.56 on Friday, reaching $9.53. The stock had a trading volume of 1,069,007 shares, compared to its average volume of 1,160,405. Ouster, Inc. has a 1 year low of $4.65 and a 1 year high of $16.88. The company has a 50 day moving average price of $7.31 and a 200 day moving average price of $9.46. The stock has a market capitalization of $474.31 million, a P/E ratio of -3.77 and a beta of 2.34.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Westpark Capital reissued a “buy” rating and set a $17.00 price target on shares of Ouster in a report on Monday, August 12th. Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $12.00 to $10.00 in a research note on Monday, November 11th. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Friday, November 8th. Finally, Craig Hallum dropped their price target on Ouster from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.00.

Hedge Funds Weigh In On Ouster

Institutional investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Ouster during the 2nd quarter worth $27,000. Van ECK Associates Corp lifted its holdings in 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 acquiring an additional 1,608 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new stake in Ouster in the third quarter valued at $67,000. True North Advisors LLC acquired a new stake in shares of Ouster during the third quarter valued at about $78,000. Finally, Lake Street Advisors Group LLC acquired a new position in shares of Ouster during the first quarter worth about $79,000. Hedge funds and other 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.