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

Ouster, Inc. (NASDAQ:OUST) CRO Cyrille Jacquemet sold 10,000 shares of Ouster stock in a transaction that occurred 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 transaction, the executive owned 132,590 shares of the company’s stock, valued at $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 is accessible through this hyperlink.

Ouster Stock Performance

OUST stock opened at $37.03 on Friday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of -38.17 and a beta of 3.06. The firm has a 50 day moving average price of $24.59 and a 200-day moving average price of $23.37. Ouster, Inc. has a 52-week low of $10.06 and a 52-week high of $41.65.

Institutional Investors Weigh In On Ouster

A number of large investors have recently added to or reduced their stakes in OUST. NewEdge Advisors LLC grew its position in Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after purchasing an additional 1,089 shares during the period. Larson Financial Group LLC grew its position in Ouster by 118.8% in the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after purchasing an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd grew its position in Ouster by 38.1% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after purchasing an additional 800 shares during the period. SHP Wealth Management bought a new stake in Ouster in the 4th quarter worth approximately $96,000. Finally, Van ECK Associates Corp grew its position in Ouster by 17.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after purchasing an additional 525 shares during the period. Institutional investors own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OUST shares. Weiss Ratings started coverage on shares of Ouster in a research report on Friday, May 15th. They set a “sell (d-)” rating for the company. Oppenheimer reissued an “outperform” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Three equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.20.

About Ouster

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.