Ouster (NYSE:OUST) CEO Charles Angus Pacala Sells 24,657 Shares

Ouster, Inc. (NYSE:OUST) CEO Charles Angus Pacala sold 24,657 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $23.43, for a total transaction of $577,713.51. Following the transaction, the chief executive officer owned 960,660 shares of the company’s stock, valued at approximately $22,508,263.80. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ouster Stock Down 0.8%

Ouster stock traded down $0.17 during mid-day trading on Monday, reaching $21.30. The company had a trading volume of 1,438,473 shares, compared to its average volume of 1,985,579. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -8.29 and a beta of 2.91. The company has a 50 day moving average of $22.25 and a 200-day moving average of $25.38. Ouster, Inc. has a 52 week low of $6.34 and a 52 week high of $41.65.

Analysts Set New Price Targets

OUST has been the topic of several research reports. Rosenblatt Securities restated a “buy” rating and set a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Oppenheimer reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.17.

Hedge Funds Weigh In On Ouster

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in shares of Ouster by 610.1% during the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock worth $2,661,000 after acquiring an additional 254,580 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ouster by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock valued at $255,000 after acquiring an additional 2,037 shares during the period. Geode Capital Management LLC raised its position in Ouster by 8.7% in the second quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company’s stock worth $28,876,000 after purchasing an additional 95,510 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in Ouster by 40.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 12,242 shares of the company’s stock worth $297,000 after purchasing an additional 3,543 shares in the last quarter. Finally, Creative Planning lifted its stake in Ouster by 13.6% during the second quarter. Creative Planning now owns 43,004 shares of the company’s stock worth $1,043,000 after purchasing an additional 5,135 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Company Profile

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.