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

Ouster, Inc. (NYSE:OUST) COO Darien Spencer sold 14,869 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was 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 in the company, valued at approximately $2,826,747.42. The trade was a 4.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ouster Stock Up 3.2 %

NYSE:OUST opened at $9.37 on Tuesday. The firm has a 50-day moving average price of $8.43 and a 200 day moving average price of $9.17. The firm has a market capitalization of $466.35 million, a PE ratio of -3.65 and a beta of 2.50. Ouster, Inc. has a 12-month low of $4.65 and a 12-month high of $16.88.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently modified their holdings of the stock. State Street Corp boosted its stake in Ouster by 2.4% in the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after buying an additional 37,926 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ouster by 6.8% during the third quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after acquiring an additional 62,202 shares during the period. Marshall Wace LLP boosted its stake in shares of Ouster by 184.9% in the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock valued at $6,424,000 after purchasing an additional 424,178 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Ouster by 10.8% in 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 stake in shares of Ouster during the 2nd quarter worth about $1,305,000. 31.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OUST. Northland Securities initiated coverage on shares of Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target on the stock. Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $12.00 to $10.00 in a research report on Monday, November 11th. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Finally, Rosenblatt Securities reissued 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Ouster currently has a consensus rating of “Buy” and an average target price 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.