Insider Selling: Ouster, Inc. (NYSE:OUST) COO Sells $144,080.61 in Stock

Ouster, Inc. (NYSE:OUST) COO Darien Spencer sold 14,869 shares of Ouster stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.69, for a total value of $144,080.61. Following the completion of the transaction, the chief operating officer now owns 291,718 shares of the company’s stock, valued at $2,826,747.42. The trade was a 4.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Darien Spencer also recently made the following trade(s):

• On Monday, December 16th, Darien Spencer sold 248 shares of Ouster stock. The shares were sold at an average price of $9.08, for a total transaction of $2,251.84.

Ouster Price Performance

Shares of OUST opened at $10.38 on Thursday. Ouster, Inc. has a 1-year low of $4.65 and a 1-year high of $16.88. The stock has a market cap of $516.62 million, a PE ratio of -4.04 and a beta of 2.50. The firm has a fifty day moving average price of $8.60 and a 200 day moving average price of $9.18.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently made changes to their positions in OUST. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ouster in the 2nd quarter valued at about $27,000. Van ECK Associates Corp acquired a new stake in shares of Ouster in the second quarter valued at approximately $56,000. Ballentine Partners LLC purchased a new position in shares of Ouster during the second quarter worth approximately $101,000. Stoneridge Investment Partners LLC purchased a new stake in Ouster in the 3rd quarter valued at $67,000. Finally, True North Advisors LLC purchased a new stake in Ouster in the 3rd quarter valued at $78,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OUST shares. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $12.00 to $10.00 in a research report on Monday, November 11th. Northland Securities started coverage on Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price on the stock. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a report on Friday, November 8th. 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, the stock presently has a consensus rating of “Buy” and an average price target 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.