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

Ouster, Inc. (NASDAQ:OUST) CRO Cyrille Jacquemet sold 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $35.00, for a total transaction of $350,000.00. Following the completion of the sale, the executive directly owned 132,590 shares in the company, valued at approximately $4,640,650. The trade was a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ouster Price Performance

NASDAQ:OUST traded up $4.22 during mid-day trading on Thursday, hitting $35.09. The company’s stock had a trading volume of 4,858,226 shares, compared to its average volume of 4,949,972. Ouster, Inc. has a 1 year low of $9.77 and a 1 year high of $41.65. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -36.17 and a beta of 3.06. The business’s fifty day moving average is $24.35 and its two-hundred day moving average is $23.28.

Analyst Upgrades and Downgrades

OUST has been the subject of a number of analyst reports. Weiss Ratings initiated coverage on shares of Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Cantor Fitzgerald downgraded 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 issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ouster presently has a consensus rating of “Hold” and a consensus price target of $40.20.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently made changes to their positions in OUST. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ouster during the 3rd quarter worth approximately $1,677,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Ouster during the 3rd quarter worth approximately $3,038,000. Handelsbanken Fonder AB increased its holdings in shares of Ouster by 1,419.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock worth $8,385,000 after buying an additional 289,790 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Ouster by 43.2% during the 4th quarter. SG Americas Securities LLC now owns 276,578 shares of the company’s stock worth $5,985,000 after buying an additional 83,448 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Ouster by 514.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company’s stock worth $5,010,000 after buying an additional 155,063 shares during the last quarter. 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.