Ouster (NASDAQ:OUST) Director Susan Heystee Sells 9,316 Shares

Ouster, Inc. (NASDAQ:OUST) Director Susan Heystee sold 9,316 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $34.80, for a total transaction of $324,196.80. Following the completion of the sale, the director directly owned 35,094 shares of the company’s stock, valued at $1,221,271.20. The trade was a 20.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ouster Price Performance

Shares of NASDAQ:OUST traded up $1.94 on Friday, reaching $37.03. The company’s stock had a trading volume of 5,469,076 shares, compared to its average volume of 2,610,381. The stock’s 50-day moving average is $24.35 and its two-hundred day moving average is $23.28. Ouster, Inc. has a 52-week low of $10.06 and a 52-week high of $41.65. The stock has a market capitalization of $2.33 billion, a P/E ratio of -38.17 and a beta of 3.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OUST. Invesco Ltd. increased its stake in shares of Ouster by 1,521.8% during the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after acquiring an additional 536,413 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Ouster during the first quarter worth about $8,915,000. Vanguard Group Inc. grew its position in Ouster by 11.3% during the third 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. Handelsbanken Fonder AB grew its position in Ouster by 130.7% during the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after buying an additional 405,441 shares during the period. Finally, Squarepoint Ops LLC grew its position in Ouster by 517.5% during the fourth quarter. Squarepoint Ops LLC now owns 401,727 shares of the company’s stock worth $8,693,000 after buying an additional 336,673 shares during the period. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Finally, Weiss Ratings initiated coverage on shares of Ouster in a research note on Friday, May 15th. They set a “sell (d-)” rating on the stock. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.20.

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.