Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ouster Inc shares valued at $1,673 were sold by SPENCER DARIEN on Sep 17 ’24. At $6.36 per share, SPENCER DARIEN sold 263 shares. The insider’s holdings dropped to 305,612 shares worth approximately $1.84 million following the completion of this transaction.
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Also, WEINSWIG MARK sold 2,540 shares, netting a total of over 15,655 in proceeds. Following the sale of shares at $6.16 each, the insider now holds 227,047 shares.
Before that, Chung Megan had sold 2,644 shares from its account. In a trade valued at $16,296, the General Counsel and Secretary traded Ouster Inc shares for $6.16 each. Upon closing the transaction, the insider’s holdings decreased to 2,644 shares, worth approximately $0.97 million.
As published in a research note from Cantor Fitzgerald on May 22, 2024, Ouster Inc [OUST] has been rated down from an Overweight to a Neutral and the price target has been revised to $13 from $8. Analysts at Chardan Capital Markets downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of July 14, 2023, Chardan Capital Markets has increased its “Neutral” rating to a “Buy” for OUST. Earlier on December 07, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for OUST stock which previously was a “a Buy”.
Analyzing OUST Stock Performance
During the last five days, there has been a drop of approximately -3.06%. Over the course of the year, Ouster Inc shares have dropped approximately -21.51%. Shares of the company reached a 52-week high of $16.88 on 07/16/24 and a 52-week low of $4.65 on 03/14/24. A 50-day SMA is recorded $9.97, while a 200-day SMA reached $8.38. Nevertheless, trading volume fell to 0.97 million shares from 1.13 million shares the previous day.
Support And Resistance Levels for Ouster Inc (OUST)
According to the 24-hour chart, there is a support level at 5.88, which, if violated, would cause prices to drop to 5.73. In the upper region, resistance lies at 6.31. The next price resistance is at 6.59. RSI (Relative Strength Index) is 29.18 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 88.79%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Ouster Inc (OUST)?
On November 08, 2022, Robert W. Baird assigned a price target of “a Neutral” to the stock and downgraded coverage with a $1.50.
