Insider Selling: Ouster (NASDAQ:OUST) General Counsel Sells 11,484 Shares of Stock

by · The Cerbat Gem

Ouster, Inc. (NASDAQ:OUST – Get Free Report) General Counsel Megan Chung sold 11,484 shares of Ouster stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $33.96, for a total transaction of $389,996.64. Following the transaction, the general counsel directly owned 189,291 shares in the company, valued at $6,428,322.36. This trade represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ouster Trading Up 3.7%

Shares of OUST traded up $1.20 during mid-day trading on Wednesday, reaching $33.99. The company’s stock had a trading volume of 1,803,183 shares, compared to its average volume of 1,946,057. Ouster, Inc. has a 52 week low of $16.40 and a 52 week high of $63.79. The stock has a market cap of $2.45 billion, a PE ratio of -39.52 and a beta of 3.25. The company’s fifty day moving average price is $38.76 and its two-hundred day moving average price is $34.11.

Ouster (NASDAQ:OUST – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.14). The business had revenue of $54.63 million for the quarter, compared to the consensus estimate of $51.47 million. Ouster had a negative net margin of 26.02% and a negative return on equity of 17.49%. Research analysts anticipate that Ouster, Inc. will post -1.07 EPS for the current year.

Analyst Ratings Changes

OUST has been the topic of several analyst reports. Northland Securities set a $60.00 price objective on Ouster and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Rosenblatt Securities restated a “buy” rating and set a $53.00 price target on shares of Ouster in a research report on Thursday, August 27th. Roth Capital started coverage on Ouster in a research note on Friday, May 29th. They issued a “buy” rating and a $75.00 price target on the stock. Citigroup reiterated an “outperform” rating on shares of Ouster in a research report on Tuesday, July 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ouster in a research note on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ouster currently has an average rating of “Moderate Buy” and an average target price of $54.67.

View Our Latest Analysis on Ouster

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently modified their holdings of OUST. Arrowstreet Capital Limited Partnership bought a new stake in Ouster in the first quarter valued at $8,915,000. Handelsbanken Fonder AB raised its holdings in Ouster by 130.7% in the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after purchasing an additional 405,441 shares in the last quarter. Baird Financial Group Inc. bought a new position in Ouster in the 2nd quarter worth $25,218,000. Bastion Asset Management Inc. purchased a new stake in shares of Ouster in the 1st quarter worth about $5,271,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Ouster in the 2nd quarter worth about $15,384,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

About Ouster

(Get Free Report)

Ouster, Inc develops lidar sensors and software used to help machines perceive and understand their surroundings. Its digital lidar technology measures distance and generates three-dimensional data for applications including industrial automation, robotics, intelligent transportation, infrastructure monitoring and automotive systems.

The company offers a portfolio of lidar sensors designed for different range, resolution and deployment requirements, along with software and perception tools that help customers interpret sensor data.

Featured Articles