Charles Angus Pacala Sells 30,385 Shares of Ouster (NASDAQ:OUST) Stock

Ouster, Inc. (NASDAQ:OUST) CEO Charles Pacala sold 30,385 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $33.96, for a total transaction of $1,031,874.60. Following the completion of the transaction, the chief executive officer directly owned 1,041,816 shares in the company, valued at $35,380,071.36. This trade represents a 2.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ouster Trading Up 3.7%

OUST traded up $1.20 during trading on Wednesday, hitting $33.99. 1,803,183 shares of the company traded hands, compared to its average volume of 1,946,057. The company has a market cap of $2.45 billion, a PE ratio of -39.52 and a beta of 3.25. The stock’s 50-day simple moving average is $38.76 and its two-hundred day simple moving average is $34.11. Ouster, Inc. has a 1 year low of $16.40 and a 1 year high of $63.79.

Ouster (NASDAQ:OUST) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.14). The company 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%. Equities analysts expect that Ouster, Inc. will post -1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OUST. Northland Securities set a $60.00 price objective on Ouster and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Roth Capital initiated coverage on Ouster in a research report on Friday, May 29th. They set a “buy” rating and a $75.00 target price for the company. Citigroup reissued an “outperform” rating on shares of Ouster in a report on Tuesday, July 21st. Oppenheimer reaffirmed an “outperform” rating and set a $57.00 price target (up from $42.00) on shares of Ouster in a research note on Wednesday, July 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ouster in a research report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ouster has an average rating of “Moderate Buy” and a consensus target price of $54.67.

Institutional Investors Weigh In On Ouster

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC purchased a new position in shares of Ouster in the 2nd quarter worth approximately $2,172,000. IPG Investment Advisors LLC raised its holdings in Ouster by 49.2% during the 2nd quarter. IPG Investment Advisors LLC now owns 14,924 shares of the company’s stock valued at $933,000 after buying an additional 4,924 shares during the period. MCF Advisors LLC raised its holdings in Ouster by 34.4% during the 2nd quarter. MCF Advisors LLC now owns 1,344 shares of the company’s stock valued at $84,000 after buying an additional 344 shares during the period. Archford Capital Strategies LLC bought a new stake in Ouster in the second quarter worth $319,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Ouster during the second quarter worth $74,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Ouster Company Profile

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.