Ouster, Inc. (NYSE:OUST) CEO Purchases $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 purchased at an average cost of $9.79 per share, for a total transaction of $498,839.66. Following the completion of the transaction, the chief executive officer now owns 769,957 shares in the company, valued at approximately $7,537,879.03. The trade was a 7.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ouster Price Performance

Shares of OUST traded up $0.29 during midday trading on Monday, reaching $9.37. 1,079,464 shares of the stock were exchanged, compared to its average volume of 1,163,512. The company has a market capitalization of $466.35 million, a price-to-earnings ratio of -3.65 and a beta of 2.50. Ouster, Inc. has a twelve month low of $4.65 and a twelve month high of $16.88. The business’s 50-day moving average price is $8.43 and its 200 day moving average price is $9.17.

Institutional Investors Weigh In On Ouster

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Ouster by 2.4% during the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after acquiring an additional 37,926 shares during the last quarter. Geode Capital Management LLC raised its position in Ouster by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after purchasing an additional 62,202 shares during the last quarter. Marshall Wace LLP boosted its stake in Ouster by 184.9% during the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock worth $6,424,000 after purchasing an additional 424,178 shares during the period. Charles Schwab Investment Management Inc. grew its position in Ouster by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock worth $2,245,000 after purchasing an additional 34,743 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Ouster in the second quarter valued at $1,305,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.