Darien Spencer Sells 14,869 Shares of Ouster, Inc. (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) COO Darien Spencer sold 14,869 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.69, for a total transaction of $144,080.61. Following the completion of the sale, the chief operating officer now owns 291,718 shares of the company’s stock, valued at approximately $2,826,747.42. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ouster Stock Performance

Shares of NYSE OUST opened at $10.99 on Wednesday. The business has a fifty day moving average of $8.52 and a two-hundred day moving average of $9.17. Ouster, Inc. has a 52-week low of $4.65 and a 52-week high of $16.88. The stock has a market cap of $546.73 million, a PE ratio of -4.27 and a beta of 2.50.

Hedge Funds Weigh In On Ouster

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OUST. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ouster during the second quarter worth approximately $27,000. Van ECK Associates Corp increased its holdings in Ouster by 28.4% during 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 in the last quarter. Stoneridge Investment Partners LLC bought a new position in Ouster in the 3rd quarter valued at $67,000. True North Advisors LLC acquired a new position in Ouster in the third quarter worth $78,000. Finally, Intech Investment Management LLC bought a new stake in shares of Ouster during the third quarter worth $81,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OUST has been the subject of a number of research reports. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Northland Securities assumed coverage on Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price for the company. Cantor Fitzgerald raised shares of 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Ouster in a report on Friday, November 8th. One 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 MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $13.17.

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.