Cyrille Jacquemet Sells 10,000 Shares of Ouster (NASDAQ:OUST) Stock

Ouster, Inc. (NASDAQ:OUST) CRO Cyrille Jacquemet sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $35.00, for a total transaction of $350,000.00. Following the transaction, the executive directly owned 132,590 shares in the company, valued at approximately $4,640,650. This trade represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Ouster Stock Performance

Ouster stock opened at $37.03 on Friday. The company has a market capitalization of $2.33 billion, a PE ratio of -38.17 and a beta of 3.06. The company has a 50 day moving average price of $24.59 and a 200-day moving average price of $23.37. Ouster, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $41.65.

Hedge Funds Weigh In On Ouster

Hedge funds and other institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ouster during the third quarter valued at approximately $1,677,000. Hillsdale Investment Management Inc. bought a new position in shares of Ouster during the third quarter valued at approximately $3,038,000. Handelsbanken Fonder AB boosted its stake in shares of Ouster by 1,419.5% during the third quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock valued at $8,385,000 after purchasing an additional 289,790 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Ouster by 43.2% during the fourth quarter. SG Americas Securities LLC now owns 276,578 shares of the company’s stock valued at $5,985,000 after purchasing an additional 83,448 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Ouster by 514.6% during the third quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company’s stock valued at $5,010,000 after purchasing an additional 155,063 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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