Ouster (NASDAQ:OUST) COO Sells $1,350,000.00 in Stock

Ouster, Inc. (NASDAQ:OUST) COO Darien Spencer sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief operating officer directly owned 342,366 shares of the company’s stock, valued at approximately $15,406,470. This represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, March 12th, Darien Spencer sold 10,938 shares of Ouster stock. The stock was sold at an average price of $23.43, for a total transaction of $256,277.34.

Ouster Price Performance

Shares of NASDAQ:OUST opened at $46.05 on Friday. Ouster, Inc. has a one year low of $11.44 and a one year high of $47.32. The company has a 50 day moving average of $26.69 and a 200-day moving average of $23.91. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -47.47 and a beta of 3.06.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Roth Mkm assumed coverage on shares of Ouster in a research report on Friday. They set a “buy” rating and a $75.00 price target for the company. Rosenblatt Securities lifted their price target on shares of Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald cut shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Oppenheimer reiterated an “outperform” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Finally, Weiss Ratings assumed coverage on shares of Ouster in a research report on Friday, May 15th. They set a “sell (d-)” rating for the company. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.17.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OUST. Invesco Ltd. grew its holdings in Ouster by 1,521.8% during the second 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. Arrowstreet Capital Limited Partnership acquired a new position in Ouster during the first quarter valued at approximately $8,915,000. Vanguard Group Inc. grew its holdings in Ouster by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after purchasing an additional 478,372 shares during the period. Handelsbanken Fonder AB grew its holdings in Ouster by 130.7% during the fourth 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, Squarepoint Ops LLC grew its holdings in Ouster by 517.5% during the fourth quarter. Squarepoint Ops LLC now owns 401,727 shares of the company’s stock valued at $8,693,000 after purchasing an additional 336,673 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.