Ouster (NASDAQ:OUST) CFO Kenneth Gianella Sells 54,337 Shares

Ouster, Inc. (NASDAQ:OUST) CFO Kenneth Gianella sold 54,337 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $38.82, for a total value of $2,109,362.34. Following the transaction, the chief financial officer directly owned 301,014 shares of the company’s stock, valued at $11,685,363.48. This represents a 15.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ouster Trading Down 5.4%

Shares of Ouster stock opened at $42.73 on Wednesday. The firm has a market capitalization of $2.68 billion, a P/E ratio of -44.05 and a beta of 3.24. The business has a fifty day simple moving average of $32.17 and a two-hundred day simple moving average of $25.63. Ouster, Inc. has a 12 month low of $16.40 and a 12 month high of $49.39.

Hedge Funds Weigh In On Ouster

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in shares of Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after acquiring an additional 1,089 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Ouster by 118.8% during the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after acquiring an additional 1,067 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in shares of Ouster by 38.1% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after acquiring an additional 800 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after acquiring an additional 525 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Ouster in the 3rd quarter worth about $120,000. 31.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on OUST. Roth Mkm started coverage on Ouster in a research report on Friday, May 29th. They set a “buy” rating and a $75.00 price objective for the company. Cantor Fitzgerald downgraded Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings started coverage on Ouster in a report on Friday, May 15th. They set a “sell (d-)” rating for the company. Rosenblatt Securities raised their price target on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Oppenheimer restated an “outperform” rating and set a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.17.

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.