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 shares were sold at an average price of $8.72, for a total value of $273,781.84. Following the transaction, the chief financial officer now directly owns 198,650 shares of the company’s stock, valued at $1,732,228. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 transaction of $3,814.65.

Ouster Price Performance

NYSE:OUST opened at $9.53 on Monday. The firm has a market capitalization of $474.31 million, a P/E ratio of -3.71 and a beta of 2.34. Ouster, Inc. has a one year low of $4.65 and a one year high of $16.88. The company’s 50-day simple moving average is $7.37 and its 200 day simple moving average is $9.45.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Ouster

Large investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Ouster in the 2nd quarter worth approximately $27,000. Van ECK Associates Corp boosted 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 worth $46,000 after acquiring an additional 1,608 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Ouster in the third quarter worth $67,000. True North Advisors LLC bought a new position in shares of Ouster during the third quarter valued at $78,000. Finally, Lake Street Advisors Group LLC purchased a new position in shares of Ouster in the 1st quarter worth about $79,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.