Ouster, Inc. (NYSE:OUST) CFO Sells $15,646.40 in Stock

Ouster, Inc. (NYSE:OUST) CFO Mark Weinswig sold 2,540 shares of Ouster 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 Stock Down 5.8 %

Shares of NYSE:OUST traded down $0.38 during midday trading on Monday, reaching $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 debt-to-equity ratio of 0.26, a current ratio of 3.40 and a quick ratio of 3.14. The stock’s fifty day moving average price is $10.09 and its 200-day moving average price is $9.42. The stock has a market capitalization of $283.79 million, a P/E ratio of -1.12 and a beta of 2.37. Ouster, Inc. has a one year low of $3.67 and a one year high of $16.88.

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

Institutional Trading of Ouster

Institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp bought a new position in Ouster in the 2nd quarter valued at about $56,000. Lake Street Advisors Group LLC bought a new position in shares of Ouster during the 1st quarter valued at about $79,000. SG Americas Securities LLC bought a new position in shares of Ouster during the 1st quarter valued at about $89,000. Ballentine Partners LLC bought a new position in shares of Ouster during the 2nd quarter valued at about $101,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Ouster during the 4th quarter valued at about $103,000. 31.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on OUST. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $12.00 price target on shares of Ouster in a research report on Monday, September 9th. Westpark Capital reissued a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Monday, August 12th. Rosenblatt Securities reissued a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Monday, August 12th. Finally, Craig Hallum reduced 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’s stock. According to data from MarketBeat.com, Ouster currently has an average rating of “Moderate Buy” and a consensus 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.