Ouster (NASDAQ:OUST) Director Susan Heystee Sells 9,316 Shares of Stock

Ouster, Inc. (NASDAQ:OUST) Director Susan Heystee sold 9,316 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $34.80, for a total value of $324,196.80. Following the completion of the transaction, the director directly owned 35,094 shares of the company’s stock, valued at approximately $1,221,271.20. This trade represents a 20.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ouster Stock Up 5.5%

NASDAQ OUST opened at $37.03 on Friday. Ouster, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $41.65. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -38.17 and a beta of 3.06. The business has a fifty day moving average of $24.59 and a 200-day moving average of $23.37.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on OUST shares. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reissued an “outperform” 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 research note on Thursday, May 7th. Finally, Weiss Ratings began coverage on Ouster in a research note 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.20.

Hedge Funds Weigh In On Ouster

Several institutional investors have recently added to or reduced their stakes in OUST. AQR Capital Management LLC increased its stake in Ouster by 610.1% in the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after purchasing an additional 254,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ouster by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock valued at $255,000 after purchasing an additional 2,037 shares during the last quarter. Legal & General Group Plc increased its stake in Ouster by 138.2% in the second quarter. Legal & General Group Plc now owns 9,990 shares of the company’s stock valued at $242,000 after purchasing an additional 5,796 shares during the last quarter. American Century Companies Inc. increased its stake in Ouster by 22.0% in the second quarter. American Century Companies Inc. now owns 63,298 shares of the company’s stock valued at $1,535,000 after purchasing an additional 11,416 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Ouster by 1,521.8% in 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 last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

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.