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

Ouster, Inc. (NASDAQ:OUST) Director Susan Heystee sold 9,316 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $34.80, for a total value of $324,196.80. Following the transaction, the director owned 35,094 shares in the company, valued at approximately $1,221,271.20. This trade represents a 20.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ouster Trading Up 5.5%

Shares of OUST opened at $37.03 on Friday. Ouster, Inc. has a 1 year low of $10.06 and a 1 year high of $41.65. The stock has a market cap of $2.33 billion, a P/E ratio of -38.17 and a beta of 3.06. The stock’s 50-day moving average price is $24.59 and its two-hundred day moving average price is $23.37.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OUST shares. Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings started coverage on Ouster in a report on Friday, May 15th. They set a “sell (d-)” rating on the stock. Oppenheimer restated an “outperform” rating and set a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.20.

Institutional Investors Weigh In On Ouster

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its position in shares of Ouster by 114.6% during the first quarter. Bank of America Corp DE now owns 217,390 shares of the company’s stock worth $3,993,000 after purchasing an additional 116,096 shares during the period. Janus Henderson Group PLC raised its position in shares of Ouster by 706.0% during the first quarter. Janus Henderson Group PLC now owns 177,895 shares of the company’s stock worth $3,268,000 after purchasing an additional 155,825 shares during the period. Amundi raised its position in shares of Ouster by 40.1% during the first quarter. Amundi now owns 21,921 shares of the company’s stock worth $403,000 after purchasing an additional 6,278 shares during the period. California State Teachers Retirement System raised its position in shares of Ouster by 50.3% during the first quarter. California State Teachers Retirement System now owns 79,401 shares of the company’s stock worth $1,459,000 after purchasing an additional 26,574 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Ouster by 34.4% during the first quarter. Royal Bank of Canada now owns 5,888 shares of the company’s stock worth $108,000 after purchasing an additional 1,507 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

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.