Ouster, Inc. (NASDAQ:OUST – Get Free Report) CRO Cyrille Jacquemet sold 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $35.00, for a total value of $350,000.00. Following the completion of the sale, the executive owned 132,590 shares in the company, valued at $4,640,650. This represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ouster Stock Up 13.7%
Shares of NASDAQ:OUST opened at $35.09 on Friday. Ouster, Inc. has a 52-week low of $9.77 and a 52-week high of $41.65. The stock’s fifty day simple moving average is $24.35 and its 200-day simple moving average is $23.28. The company has a market capitalization of $2.20 billion, a P/E ratio of -36.17 and a beta of 3.06.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Oppenheimer restated an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Weiss Ratings assumed coverage on Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating on the stock. Finally, Cantor Fitzgerald downgraded Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.20.
Hedge Funds Weigh In On Ouster
A number of large investors have recently modified their holdings of OUST. AQR Capital Management LLC raised its holdings in shares of Ouster by 610.1% in the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock worth $2,661,000 after purchasing an additional 254,580 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ouster by 7.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock worth $255,000 after purchasing an additional 2,037 shares during the period. Legal & General Group Plc raised its holdings in shares of Ouster by 138.2% in the 2nd quarter. Legal & General Group Plc now owns 9,990 shares of the company’s stock worth $242,000 after purchasing an additional 5,796 shares during the period. American Century Companies Inc. raised its holdings in shares of Ouster by 22.0% in the 2nd quarter. American Century Companies Inc. now owns 63,298 shares of the company’s stock worth $1,535,000 after purchasing an additional 11,416 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after purchasing an additional 536,413 shares during the period. 31.45% of the stock is currently owned by hedge funds and other institutional investors.
About Ouster
Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.
The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.
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