Insider Selling: Ouster, Inc. (NYSE:OUST) CFO Sells 2,540 Shares of Stock

Ouster, Inc. (NYSE:OUST) CFO Mark Weinswig sold 2,540 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $6.16, for a total transaction of $15,646.40. Following the completion of the sale, the chief financial officer now directly owns 227,047 shares in the company, valued at $1,398,609.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Mark Weinswig also recently made the following trade(s):

• On Thursday, August 29th, Mark Weinswig sold 519 shares of Ouster stock. The shares were sold at an average price of $7.35, for a total transaction of $3,814.65.

Ouster Price Performance

Shares of NYSE OUST traded down $0.38 during midday trading on Monday, hitting $6.28. The company had a trading volume of 1,134,114 shares, compared to its average volume of 1,175,861. The company has a quick ratio of 3.14, a current ratio of 3.40 and a debt-to-equity ratio of 0.26. Ouster, Inc. has a twelve month low of $3.67 and a twelve month high of $16.88. The business has a 50-day simple moving average of $10.09 and a two-hundred day simple moving average of $9.42. The firm has a market capitalization of $283.79 million, a price-to-earnings ratio of -1.12 and a beta of 2.37.

Ouster (NYSE:OUST) last posted its earnings results on Tuesday, August 13th. The company reported ($0.53) earnings per share for the quarter. Ouster had a negative net margin of 122.32% and a negative return on equity of 68.48%. The business had revenue of $26.99 million for the quarter. Equities research analysts anticipate that Ouster, Inc. will post -2.4 earnings per share for the current year.

Hedge Funds Weigh In On Ouster

Several hedge funds have recently added to or reduced their stakes in OUST. Van ECK Associates Corp purchased a new stake in shares of Ouster during the second quarter worth about $56,000. Lake Street Advisors Group LLC purchased a new stake in Ouster in the first quarter valued at approximately $79,000. Ballentine Partners LLC purchased a new stake in Ouster in the second quarter valued at approximately $101,000. SG Americas Securities LLC purchased a new stake in Ouster in the first quarter valued at approximately $89,000. Finally, Fairhaven Wealth Management LLC purchased a new stake in Ouster in the second quarter valued at approximately $131,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on OUST shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Ouster in a research report on Monday, August 12th. Westpark Capital reaffirmed a “buy” rating and issued a $17.00 target price on shares of Ouster in a research report on Monday, August 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $12.00 target price on shares of Ouster in a research report on Monday, September 9th. Finally, Craig Hallum dropped their target price on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.40.

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.