Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl Purchases 5,045 Shares

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl acquired 5,045 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $9.78 per share, with a total value of $49,340.10. Following the completion of the transaction, the chief technology officer now owns 513,121 shares in the company, valued at $5,018,323.38. This represents a 0.99 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ouster Trading Up 3.2 %

NYSE:OUST traded up $0.29 during trading hours on Monday, hitting $9.37. 1,079,464 shares of the company were exchanged, compared to its average volume of 1,163,512. The stock has a market capitalization of $466.35 million, a price-to-earnings ratio of -3.65 and a beta of 2.50. Ouster, Inc. has a one year low of $4.65 and a one year high of $16.88. The company has a fifty day simple moving average of $8.43 and a 200 day simple moving average of $9.17.

Wall Street Analysts Forecast Growth

OUST has been the subject of several research analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 price target on shares of Ouster in a report on Friday, November 8th. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday. Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and cut their price target for the company from $12.00 to $10.00 in a research note on Monday, November 11th. Finally, Northland Securities initiated coverage on Ouster in a report on Thursday. They set an “outperform” rating and a $14.00 price target on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $13.17.

Hedge Funds Weigh In On Ouster

Hedge funds have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ouster in the 2nd quarter valued at $27,000. Van ECK Associates Corp acquired a new position in Ouster in the second quarter valued at $56,000. Ballentine Partners LLC bought a new stake in Ouster during the second quarter valued at $101,000. Stoneridge Investment Partners LLC acquired a new stake in Ouster during the 3rd quarter worth about $67,000. Finally, True North Advisors LLC bought a new position in shares of Ouster in the 3rd quarter worth about $78,000. 31.45% of the stock is currently owned by 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.