Ouster CFO Chen Geng Sells 3,050 Shares

On March 12th, Chen Geng, the Chief Financial Officer of Ouster, Inc. (NYSE:OUST), executed a sale of 3,050 shares of the company's stock. This transaction was conducted at an average price of $7.63 per share, amounting to a total of $23,271.50. After this sale, Geng now holds a total of 38,090 shares in Ouster, which are currently valued at approximately $290,626.70. This sale marks a 7.41% decrease in his overall stake in the company. Details of this transaction were reported in a filing with the SEC, which is publicly available.

Ouster Price Performance

On Friday, shares of Ouster, Inc. traded up by $0.41, reaching a price of $7.97. The trading volume for the day was recorded at 886,903 shares, which is lower than the company's average trading volume of 1,316,082 shares. Ouster's stock has a 50-day moving average of $9.98 and a 200-day moving average of $8.86. Currently, the company has a market capitalization of $396.67 million, a price-to-earnings ratio of -3.10, and a beta value of 2.38. Over the past year, Ouster's stock has experienced a low of $4.65 and a high of $16.88.

Recent Analyst Ratings

In recent months, various brokerages have provided updates on Ouster's stock. Notably, Northland Capital Markets upgraded Ouster to a 'strong-buy' rating in a research note dated December 12th. They also began coverage on Ouster, labeling it as 'outperform' along with a target price of $14.00. Among analysts tracking the stock, one has issued a hold rating, while five analysts recommend a buy, and one has rated it as a strong buy. As per MarketBeat.com, Ouster currently holds a consensus rating of 'Buy' with a target price set at $13.17.

Institutional Investors in Ouster

Recently, there have been changes in the holdings of institutional investors and hedge funds in relation to Ouster. For instance, Daiwa Securities Group Inc. has boosted its position in Ouster by 18.0% in the fourth quarter, now holding 6,977 shares worth about $85,000 after acquiring an additional 1,063 shares. Similarly, Van ECK Associates Corp increased their holdings by 28.4% in the third quarter, now owning 7,264 shares valued at $46,000. AlphaQuest LLC significantly raised its stake by 916.0% during the same quarter, adding 7,456 shares to have a total of 8,270 shares valued at $101,000. Other investors, such as ExodusPoint Capital Management LP, have also entered positions in Ouster. Overall, hedge funds and institutional investors collectively own 31.45% of the company's stock.

About Ouster, Inc.

Ouster, Inc. specializes in providing lidar sensors that are utilized across various sectors, including automotive, industrial applications, robotics, and smart infrastructure. The company's offerings consist of high-resolution scanning lidar sensors, solid-state digital lidar sensors, analog lidar sensors, and related software solutions.

Stock, Sale, CFO