Ouster, Inc. CFO Chen Geng Sells Shares

Chen Geng, the Chief Financial Officer (CFO) of Ouster, Inc. (NYSE:OUST), recently sold 3,050 shares of the company's stock in a transaction that took place on March 12th. The shares were sold at an average price of $7.63 each, totaling $23,271.50. Following the sale, Geng now directly holds 38,090 shares in Ouster, which are valued at $290,626.70. This sale reflects a reduction of 7.41% in Geng's overall ownership in the company. Details of this transaction were disclosed in a filing with the SEC, accessible for review.

Ouster Stock Performance

On Friday, shares of Ouster traded up 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 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. The company boasts a market capitalization of $396.67 million, a price-to-earnings ratio of -3.10, and a beta of 2.38. Over the past year, Ouster has seen a low of $4.65 and a high of $16.88.

Analyst Ratings and Recommendations

Recently, several brokerage firms have updated their ratings for Ouster. Northland Capital Markets has given the stock a "strong-buy" rating, while initiating coverage with an "outperform" rating and setting a target price of $14.00. Current analyst consensus for the stock includes one hold rating, five buy ratings, and one strong buy rating, resulting in an overall consensus rating of "Buy" with a target price of $13.17 according to MarketBeat.com.

Institutional Investors' Activity

Institutional investors and hedge funds have shown significant activity regarding Ouster shares. For instance, Daiwa Securities Group Inc. increased its position in Ouster by 18.0% in the fourth quarter, acquiring additional shares. Van ECK Associates Corp also increased its holdings by 28.4% in the third quarter. AlphaQuest LLC saw a considerable increase of 916.0% in its stake during the same period, alongside ExodusPoint Capital Management LP, which purchased new shares. Currently, institutional investors hold 31.45% of Ouster's stock.

About Ouster, Inc.

Ouster, Inc. specializes in lidar sensors used across various industries, including automotive, industrial, robotics, and smart infrastructure. Their product range includes high-resolution scanning and solid-state lidar sensors, as well as analog lidar sensors and software solutions.

Investment Insights

Before considering an investment in Ouster, it is beneficial to examine the insights from top-rated analysts. While Ouster currently maintains a "Buy" rating among analysts, there are indications that other stocks may present more favorable investment opportunities.

Ouster, Shares, CFO