Ouster, Inc. CFO Chen Geng Sells Shares

On March 12th, Chen Geng, the Chief Financial Officer of Ouster, Inc. (NYSE:OUST), made a significant transaction by selling 3,050 shares of the company's stock. The shares were sold at an average price of $7.63, resulting in a total transaction value of $23,271.50.

After the sale, Chen Geng's direct ownership in Ouster stands at 38,090 shares, which is currently valued at approximately $290,626.70. This sale represents a 7.41% decrease in the CFO’s holdings in the company. This transaction has been officially disclosed through a filing with the SEC.

Ouster's Stock Performance

Ouster's shares experienced an increase of $0.41 on the following Friday, bringing the stock price to $7.97. The trading volume that day was 886,903 shares, which is less than the average of 1,316,082 shares. The 50-day moving average for Ouster's stock stands at $9.98, while the 200-day moving average is $8.86. Currently, Ouster has a market capitalization of $396.67 million, with a price-to-earnings ratio of -3.10 and a beta of 2.38. The stock has experienced a 12-month low of $4.65 and a 12-month high of $16.88.

Analyst Ratings and Opinions

Recently, numerous brokerages have provided updates regarding Ouster's stock. Northland Capital Markets upgraded Ouster to a 'strong-buy' rating in a report dated December 12th. On the same day, Northland Securities initiated coverage on Ouster with an 'outperform' rating and set a target price of $14.00. Presently, one analyst holds a hold rating on Ouster, while five analysts have issued buy ratings and one has given a strong buy rating. Overall, the company holds a consensus rating of 'Buy' with an average target price of $13.17 according to MarketBeat.com.

Institutional Investment Trends

In recent months, several institutional investors and hedge funds have made changes to their positions in Ouster. Daiwa Securities Group Inc. boosted its stake in Ouster by 18.0% during the fourth quarter, now owning 6,977 shares valued at $85,000 after acquiring an additional 1,063 shares last quarter. Similarly, Van ECK Associates Corp increased its holdings in Ouster by 28.4% in the third quarter, resulting in ownership of 7,264 shares worth $46,000 after adding 1,608 shares. AlphaQuest LLC has seen a remarkable boost of 916.0% in its stake during the same period, now holding 8,270 shares valued at $101,000 after buying an additional 7,456 shares. ExodusPoint Capital Management LP also purchased a new stake in Ouster valued at approximately $154,000 during the fourth quarter. Collectively, institutional investors and other entities own approximately 31.45% of Ouster's stock.

About Ouster, Inc.

Ouster, Inc. designs and manufactures lidar sensors that cater to various industries such as automotive, robotics, industrial, and smart infrastructure. Their product portfolio includes high-resolution scanning and solid-state digital lidar sensors, as well as software solutions, serving customers across the Americas, Asia-Pacific, Europe, the Middle East, and Africa.

CFO, Shares, Stock