Ouster, Inc. (NYSE:OUST - Get Free Report) CEO Charles Angus Pacala sold 37,992 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.46, for a total transaction of $1,081,252.32. Following the transaction, the chief executive officer owned 1,009,927 shares in the company, valued at $28,742,522.42. The trade was a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Ouster Stock Down 0.2%
Shares of NYSE:OUST traded down $0.06 during midday trading on Friday, reaching $34.66. The company's stock had a trading volume of 4,190,140 shares, compared to its average volume of 2,248,146. The firm has a market capitalization of $2.00 billion, a PE ratio of -13.49 and a beta of 2.75. Ouster, Inc. has a twelve month low of $5.91 and a twelve month high of $36.25. The stock has a fifty day moving average of $28.42 and a 200 day moving average of $18.01.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on OUST. Cantor Fitzgerald reiterated a "neutral" rating and issued a $19.00 price objective on shares of Ouster in a research note on Thursday, June 12th. Westpark Capital upgraded shares of Ouster from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $15.95.
Read Our Latest Research Report on Ouster
Institutional Trading of Ouster
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Ouster by 5.3% during the first quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company's stock valued at $34,354,000 after buying an additional 190,885 shares during the period. Geode Capital Management LLC grew its position in Ouster by 8.7% during the second quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company's stock valued at $28,876,000 after buying an additional 95,510 shares during the period. Penn Capital Management Company LLC lifted its holdings in Ouster by 5.6% during the first quarter. Penn Capital Management Company LLC now owns 1,155,414 shares of the company's stock valued at $10,387,000 after purchasing an additional 60,886 shares in the last quarter. Marshall Wace LLP lifted its holdings in Ouster by 29.0% during the second quarter. Marshall Wace LLP now owns 687,260 shares of the company's stock valued at $16,666,000 after purchasing an additional 154,353 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Ouster by 1,521.8% during the second quarter. Invesco Ltd. now owns 571,662 shares of the company's stock valued at $13,863,000 after purchasing an additional 536,413 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.
About Ouster
(
Get Free Report)
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.
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