Insider Buying: Ouster, Inc. (NYSE:OUST) CEO Purchases $498,839.66 in Stock

Ouster, Inc. (NYSE:OUST) CEO Charles Angus Pacala purchased 50,954 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $9.79 per share, with a total value of $498,839.66. Following the completion of the purchase, the chief executive officer now owns 769,957 shares in the company, valued at approximately $7,537,879.03. This trade represents a 7.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ouster Price Performance

Shares of OUST stock opened at $10.38 on Thursday. Ouster, Inc. has a one year low of $4.65 and a one year high of $16.88. The company’s fifty day moving average price is $8.60 and its 200-day moving average price is $9.18. The company has a market capitalization of $516.62 million, a price-to-earnings ratio of -4.04 and a beta of 2.50.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $12.00 to $10.00 in a research report on Monday, November 11th. Rosenblatt Securities restated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research note on Friday, November 8th. Finally, Northland Securities started coverage on Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price on the stock. One equities research 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. According to data from MarketBeat, Ouster has an average rating of “Buy” and an average target price of $13.17.

Institutional Investors Weigh In On Ouster

Institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp grew its position in shares of Ouster by 28.4% during the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock worth $46,000 after purchasing an additional 1,608 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Ouster during the 2nd quarter valued at approximately $27,000. Ballentine Partners LLC bought a new stake in shares of Ouster during the second quarter valued at approximately $101,000. Stoneridge Investment Partners LLC purchased a new position in shares of Ouster in the third quarter worth $67,000. Finally, True North Advisors LLC bought a new position in shares of Ouster during the third quarter worth $78,000. 31.45% of the stock is owned by institutional investors.

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.