CFO Chen Geng Sells Shares of Ouster, Inc.

On March 12th, Chen Geng, the Chief Financial Officer of Ouster, Inc. (NYSE:OUST - Get Free Report), executed a transaction in which he sold 3,050 shares of the company. The sale occurred at an average price of $7.63 per share, totalling $23,271.50. After this sale, Geng retains direct ownership of 38,090 shares of Ouster, valued at approximately $290,626.70. This transaction indicates a decrease of 7.41% in his overall ownership within the company. The details of this transaction were revealed in a recent filing with the SEC, accessible through a provided link.

Ouster Price Performance

On Friday, shares of Ouster, Inc. rose by $0.41, reaching a price of $7.97. The trading volume for the day was 886,903 shares, which is lower than the average daily volume of 1,316,082 shares. Ouster's 50-day moving average stands at $9.98, while the 200-day moving average is $8.86. The company has a market capitalization of $396.67 million and a price-to-earnings ratio of -3.10. Ouster's stock has seen a 12-month low of $4.65 and a high of $16.88.

Analyst Ratings Changes

Recently, several brokerage firms provided updates on Ouster. Northland Capital Markets upgraded the company’s shares to a "strong buy" in a report dated December 12th. Additionally, they started coverage on the stock, assigning an "outperform" rating along with a target price of $14.00. Currently, one analyst has a hold rating, five have rated it as a buy, and one as a strong buy. According to MarketBeat.com, Ouster now has an average rating of "Buy" with a target price consensus of $13.17.

Institutional Investors Weigh In On Ouster

There has been noticeable activity from institutional investors in Ouster shares. During the fourth quarter, Daiwa Securities Group Inc. boosted its position in the company by 18.0%. They now hold 6,977 shares valued at $85,000 after acquiring an additional 1,063 shares. Similarly, Van ECK Associates Corp increased its stake by 28.4% in the third quarter, amassing 7,264 shares worth $46,000. AlphaQuest LLC expanded its holdings by a staggering 916.0% in the fourth quarter, owning 8,270 shares valued at $101,000. Further, ExodusPoint Capital Management LP formed a new investment of around $154,000 in Ouster shares during the fourth quarter. Additionally, Intech Investment Management LLC bought a new stake during the third quarter worth approximately $81,000. Overall, institutional owners control about 31.45% of Ouster's stock.

About Ouster

Ouster, Inc. specializes in offering lidar sensors that cater to industries such as automotive, robotics, industrial, and smart infrastructure across various regions including the Americas, Asia-Pacific, Europe, the Middle East, and Africa. Their product range includes high-resolution scanning and solid-state digital lidar sensors, along with analog lidar sensors and associated software solutions.

CFO, Shares, Transaction