Ouster, Inc. (NYSE:OUST) COO Sells $42,733.04 in Stock

Ouster, Inc. (NYSE:OUST) COO Darien Spencer sold 3,836 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $11.14, for a total transaction of $42,733.04. Following the sale, the chief operating officer now owns 309,967 shares of the company’s stock, valued at $3,453,032.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Darien Spencer also recently made the following trade(s):

• On Monday, March 18th, Darien Spencer sold 286 shares of Ouster stock. The shares were sold at an average price of $4.84, for a total value of $1,384.24.

Ouster Stock Down 2.1 %

Ouster stock opened at $10.33 on Friday. Ouster, Inc. has a twelve month low of $3.67 and a twelve month high of $14.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.83 and a current ratio of 3.09. The firm has a market cap of $467.12 million, a PE ratio of -1.85 and a beta of 2.47. The firm’s 50 day moving average price is $10.17 and its two-hundred day moving average price is $7.58.

Ouster (NYSE:OUST) last posted its quarterly earnings results on Tuesday, March 26th. The company reported ($0.95) earnings per share for the quarter. Ouster had a negative return on equity of 88.42% and a negative net margin of 239.89%. The company had revenue of $24.44 million during the quarter. On average, research analysts predict that Ouster, Inc. will post -2.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Ouster

Several institutional investors have recently made changes to their positions in OUST. Daiwa Securities Group Inc. bought a new position in Ouster during the fourth quarter valued at approximately $70,000. Psagot Value Holdings Ltd. Israel acquired a new position in shares of Ouster during the 4th quarter worth $76,000. International Assets Investment Management LLC raised its holdings in Ouster by 667.0% during the fourth quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock valued at $76,000 after buying an additional 8,604 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of Ouster during the 4th quarter worth about $79,000. Finally, Lake Street Advisors Group LLC bought a new position in shares of Ouster in the 1st quarter valued at approximately $79,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on OUST shares. Chardan Capital reiterated a “neutral” rating and issued a $10.00 price target on shares of Ouster in a research report on Wednesday, April 3rd. Rosenblatt Securities lifted their target price on shares of Ouster from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating and upped their price target for the company from $8.00 to $13.00 in a research report on Wednesday, May 22nd. Finally, Craig Hallum lifted their price objective on shares of Ouster from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.10.

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.