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 on Tuesday, August 4th. The stock was sold at an average price of $45.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief operating officer directly owned 299,806 shares of the company’s stock, valued at $13,491,270. The trade was a 9.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, May 26th, Darien Spencer sold 30,000 shares of Ouster stock. The shares were sold at an average price of $45.00, for a total value of $1,350,000.00.

Ouster Stock Up 1.0%

NASDAQ OUST opened at $45.58 on Friday. The company has a 50-day moving average price of $42.85 and a 200-day moving average price of $30.56. The firm has a market capitalization of $2.86 billion, a P/E ratio of -46.99 and a beta of 3.24. Ouster, Inc. has a 52 week low of $16.40 and a 52 week high of $63.79.

Ouster (NASDAQ:OUST) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). Ouster had a negative net margin of 30.12% and a negative return on equity of 21.49%. The company had revenue of $54.63 million for the quarter, compared to the consensus estimate of $51.47 million. As a group, equities research analysts anticipate that Ouster, Inc. will post -1.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Ouster by 610.1% during the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock worth $2,661,000 after buying an additional 254,580 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ouster by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock worth $255,000 after acquiring an additional 2,037 shares in the last quarter. Legal & General Group Plc increased its position in Ouster by 138.2% during the 2nd quarter. Legal & General Group Plc now owns 9,990 shares of the company’s stock valued at $242,000 after purchasing an additional 5,796 shares during the period. American Century Companies Inc. increased its position in Ouster by 22.0% during the 2nd quarter. American Century Companies Inc. now owns 63,298 shares of the company’s stock valued at $1,535,000 after purchasing an additional 11,416 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after purchasing an additional 536,413 shares in the last quarter. Institutional investors own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

OUST has been the topic of a number of analyst reports. Rosenblatt Securities boosted their price objective on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Weiss Ratings initiated coverage on Ouster in a research note on Friday, May 15th. They set a “sell (d-)” rating on the stock. Roth Capital initiated coverage on Ouster in a report on Friday, May 29th. They issued a “buy” rating and a $75.00 price target on the stock. Oppenheimer reissued 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, Citigroup reaffirmed an “outperform” rating on shares of Ouster in a research report on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.67.

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.