Ouster (NASDAQ:OUST) CFO Sells $2,109,362.34 in Stock

Ouster, Inc. (NASDAQ:OUST) CFO Kenneth Gianella sold 54,337 shares of Ouster stock in a transaction on Friday, June 12th. The shares were sold at an average price of $38.82, for a total value of $2,109,362.34. Following the completion of the transaction, the chief financial officer owned 301,014 shares in the company, valued at $11,685,363.48. The trade was a 15.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ouster Stock Performance

Ouster stock traded down $2.45 during midday trading on Tuesday, reaching $42.73. The stock had a trading volume of 2,623,710 shares, compared to its average volume of 2,905,202. Ouster, Inc. has a twelve month low of $16.40 and a twelve month high of $49.39. The stock has a market capitalization of $2.68 billion, a PE ratio of -44.05 and a beta of 3.24. The stock’s 50-day simple moving average is $31.71 and its 200 day simple moving average is $25.48.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OUST. Rosenblatt Securities lifted their target price on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Roth Mkm began coverage on Ouster in a report on Friday, May 29th. They issued a “buy” rating and a $75.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and issued a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Weiss Ratings initiated coverage on Ouster in a research note on Friday, May 15th. They set a “sell (d-)” rating on the stock. Finally, Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Four 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 company’s stock. According to data from MarketBeat, Ouster has an average rating of “Hold” and a consensus price target of $48.17.

Institutional Trading of Ouster

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Ouster by 118.8% during the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after purchasing an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Ouster by 38.1% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after purchasing an additional 800 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Ouster during the third quarter valued at approximately $120,000. 31.45% of the stock is owned by institutional investors.

Ouster Company Profile

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.