Insider Selling: Ouster (NASDAQ:OUST) CRO Sells $302,108.16 in Stock

Ouster, Inc. (NASDAQ:OUST) CRO Cyrille Jacquemet sold 8,896 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $33.96, for a total value of $302,108.16. Following the completion of the transaction, the executive directly owned 105,538 shares in the company, valued at $3,584,070.48. This trade represents a 7.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ouster Price Performance

Ouster stock opened at $35.05 on Friday. The stock has a market cap of $2.53 billion, a PE ratio of -40.76 and a beta of 3.25. The stock’s fifty day moving average is $38.34 and its two-hundred day moving average is $34.23. Ouster, Inc. has a 1-year low of $16.40 and a 1-year high of $63.79.

Ouster (NASDAQ:OUST) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.14). Ouster had a negative return on equity of 17.49% and a negative net margin of 26.02%.The business had revenue of $54.63 million for the quarter, compared to analyst estimates of $51.47 million. On average, research analysts expect that Ouster, Inc. will post -1.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ouster

Several institutional investors have recently bought and sold shares of the company. Tidal Investments LLC acquired a new stake in shares of Ouster in the 2nd quarter worth $2,172,000. IPG Investment Advisors LLC increased its stake in shares of Ouster by 49.2% during the second quarter. IPG Investment Advisors LLC now owns 14,924 shares of the company’s stock worth $933,000 after acquiring an additional 4,924 shares during the period. MCF Advisors LLC raised its holdings in Ouster by 34.4% during the second quarter. MCF Advisors LLC now owns 1,344 shares of the company’s stock worth $84,000 after purchasing an additional 344 shares in the last quarter. Archford Capital Strategies LLC purchased a new position in Ouster during the second quarter worth about $319,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Ouster in the second quarter valued at about $74,000. 31.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup reiterated an “outperform” rating on shares of Ouster in a research note on Tuesday, July 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ouster in a research report on Wednesday, August 12th. Oppenheimer reissued an “outperform” rating and set a $57.00 price target (up from $42.00) on shares of Ouster in a report on Wednesday, July 15th. Roth Capital assumed coverage on Ouster in a research report on Friday, May 29th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $53.00 price objective on shares of Ouster in a research note on Thursday, August 27th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.67.

Ouster Company Profile

Ouster, Inc develops lidar sensors and software used to help machines perceive and understand their surroundings. Its digital lidar technology measures distance and generates three-dimensional data for applications including industrial automation, robotics, intelligent transportation, infrastructure monitoring and automotive systems.

The company offers a portfolio of lidar sensors designed for different range, resolution and deployment requirements, along with software and perception tools that help customers interpret sensor data.