Ouster, Inc. (NASDAQ:OUST – Get Free Report) CEO Charles Angus Pacala sold 29,797 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $38.82, for a total transaction of $1,156,719.54. Following the transaction, the chief executive officer directly owned 1,072,201 shares of the company’s stock, valued at $41,622,842.82. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Ouster Price Performance
Shares of Ouster stock traded down $2.45 on Tuesday, reaching $42.73. 2,623,710 shares of the company traded hands, compared to its average volume of 2,905,202. Ouster, Inc. has a 52 week low of $16.40 and a 52 week high of $49.39. The company has a 50 day moving average of $31.71 and a 200 day moving average of $25.48. The firm has a market capitalization of $2.68 billion, a PE ratio of -44.05 and a beta of 3.24.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Ouster by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock worth $127,683,000 after buying an additional 478,372 shares during the period. Geode Capital Management LLC boosted its holdings in Ouster by 9.1% in the 4th quarter. Geode Capital Management LLC now owns 1,421,130 shares of the company’s stock worth $30,758,000 after buying an additional 118,132 shares during the period. Penn Capital Management Company LLC boosted its holdings in Ouster by 24.1% in the 4th quarter. Penn Capital Management Company LLC now owns 775,297 shares of the company’s stock valued at $16,817,000 after purchasing an additional 150,337 shares during the period. Handelsbanken Fonder AB boosted its holdings in Ouster by 130.7% in the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock valued at $15,479,000 after purchasing an additional 405,441 shares during the period. Finally, Invesco Ltd. boosted its holdings in Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after purchasing an additional 536,413 shares during the period. 31.45% of the stock is owned by institutional investors.
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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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