Ouster, Inc. (NYSE:OUST) CEO Charles Angus Pacala Acquires 50,954 Shares

Ouster, Inc. (NYSE:OUST) CEO Charles Angus Pacala bought 50,954 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 769,957 shares of the company’s stock, valued at $7,537,879.03. The trade was a 7.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ouster Stock Performance

Shares of NYSE OUST opened at $10.99 on Wednesday. Ouster, Inc. has a 52 week low of $4.65 and a 52 week high of $16.88. The stock’s fifty day moving average is $8.52 and its 200 day moving average is $9.17. The stock has a market capitalization of $546.73 million, a P/E ratio of -4.27 and a beta of 2.50.

Hedge Funds Weigh In On Ouster

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in shares of Ouster by 28.4% in 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 during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Ouster in the second quarter valued at about $27,000. Ballentine Partners LLC bought a new position in Ouster in the second quarter valued at about $101,000. Stoneridge Investment Partners LLC acquired a new position in Ouster during the third quarter worth about $67,000. Finally, True North Advisors LLC bought a new position in shares of Ouster in the third quarter worth about $78,000. 31.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OUST shares. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Rosenblatt Securities restated a “buy” rating and issued a $17.00 price target on shares of Ouster in a research note on Friday, November 8th. Northland Securities assumed coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective for the company. Finally, Cantor Fitzgerald upgraded shares of 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. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.