Insider Buying: Ouster, Inc. (NYSE:OUST) CTO Acquires 5,045 Shares of Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl acquired 5,045 shares of Ouster stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $9.78 per share, with a total value of $49,340.10. Following the purchase, the chief technology officer now directly owns 513,121 shares of the company’s stock, valued at approximately $5,018,323.38. This trade represents a 0.99 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Ouster Stock Performance

Ouster stock opened at $10.99 on Wednesday. Ouster, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $16.88. The company has a market capitalization of $546.73 million, a price-to-earnings ratio of -4.27 and a beta of 2.50. The stock has a fifty day moving average of $8.52 and a two-hundred day moving average of $9.17.

Wall Street Analyst Weigh In

OUST has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Ouster in a report on Friday, November 8th. Northland Securities started coverage on Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective for the company. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $12.00 to $10.00 in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ouster currently has a consensus rating of “Buy” and an average price target of $13.17.

Institutional Trading of Ouster

A number of large investors have recently made changes to their positions in OUST. Van ECK Associates Corp raised its stake in Ouster by 28.4% in the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after purchasing an additional 1,608 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Ouster during the second quarter worth about $27,000. Ballentine Partners LLC acquired a new position in shares of Ouster in the second quarter valued at approximately $101,000. Stoneridge Investment Partners LLC purchased a new position in shares of Ouster during the third quarter valued at approximately $67,000. Finally, True North Advisors LLC acquired a new stake in Ouster during the third quarter worth approximately $78,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

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.