Darien Spencer Sells 30,000 Shares of Ouster (NASDAQ:OUST) Stock

Ouster, Inc. (NASDAQ:OUST) COO Darien Spencer sold 30,000 shares of Ouster stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the transaction, the chief operating officer directly owned 342,366 shares of the company’s stock, valued at $15,406,470. This represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Darien Spencer also recently made the following trade(s):

• On Thursday, March 12th, Darien Spencer sold 10,938 shares of Ouster stock. The stock was sold at an average price of $23.43, for a total value of $256,277.34.

Ouster Stock Performance

Shares of NASDAQ:OUST opened at $42.33 on Friday. Ouster, Inc. has a twelve month low of $11.44 and a twelve month high of $45.95. The firm has a market cap of $2.66 billion, a PE ratio of -43.64 and a beta of 3.06. The business has a fifty day moving average of $26.18 and a 200-day moving average of $23.76.

Trending Headlines about Ouster

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Rosenblatt Securities raised its price target on Ouster to $53 from $40 and reiterated a buy rating, reinforcing the view that the stock’s recent run may have more room to continue. Ouster price target raised to $53 at Rosenblatt
• Positive Sentiment: Recent coverage highlighted Ouster’s growing momentum in defense and autonomous technology markets, including a strategic agreement to strengthen counter-drone systems with its digital lidar products. ARGUS Interception and Ouster Announce Strategic Agreement
• Positive Sentiment: Market commentary also pointed to Ouster’s breakout momentum and new highs, suggesting traders are buying into the company’s defense and robotics growth story. Ouster Shares Rise As Defense Push, Analyst Targets Hike Boost Momentum
• Neutral Sentiment: Multiple insiders, including the COO, CTO, and CRO, sold shares recently. While that can create caution, the sales were disclosed and do not necessarily signal a change in the company’s fundamentals. SEC filing for Mark Frichtl SEC filing for Darien Spencer SEC filing for Cyrille Jacquemet
• Negative Sentiment: The insider selling, especially a large CTO sale, may worry some investors who view it as a sign that management is taking profits after the stock’s sharp run-up.

Analysts Set New Price Targets

OUST has been the subject of a number of research analyst reports. Rosenblatt Securities boosted their target price on shares of Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings initiated coverage on shares of Ouster in a research note on Friday, May 15th. They issued a “sell (d-)” rating for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.80.

Institutional Investors Weigh In On Ouster

A number of institutional investors and hedge funds have recently modified their holdings of OUST. Invesco Ltd. raised its stake in shares of Ouster by 1,521.8% during the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after buying an additional 536,413 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Ouster during the first quarter worth approximately $8,915,000. Vanguard Group Inc. raised its stake in shares of Ouster by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock worth $127,683,000 after buying an additional 478,372 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Ouster by 130.7% during the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after buying an additional 405,441 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Ouster by 517.5% during the fourth quarter. Squarepoint Ops LLC now owns 401,727 shares of the company’s stock worth $8,693,000 after buying an additional 336,673 shares during the last quarter. 31.45% of the stock is owned by institutional investors.

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.