Insider Selling: Ouster (NASDAQ:OUST) COO Sells 30,000 Shares of Stock

Ouster, Inc. (NASDAQ:OUST) COO Darien Spencer sold 30,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer owned 342,366 shares of the company’s stock, valued at $15,406,470. This trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $23.43, for a total transaction of $256,277.34.

Ouster Trading Up 3.6%

NASDAQ OUST traded up $1.53 during trading hours on Wednesday, hitting $44.23. 5,669,402 shares of the company’s stock traded hands, compared to its average volume of 2,701,451. The business’s fifty day moving average price is $25.30 and its two-hundred day moving average price is $23.50. The firm has a market capitalization of $2.78 billion, a P/E ratio of -45.60 and a beta of 3.06. Ouster, Inc. has a 52 week low of $10.60 and a 52 week high of $45.95.

Hedge Funds Weigh In On Ouster

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

Ouster News Summary

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Ouster announced a strategic agreement with ARGUS Interception to strengthen counter-drone systems using its digital lidar technology, reinforcing its presence in the defense and autonomous systems markets. ARGUS Interception and Ouster Announce Strategic Agreement to Strengthen the Precision and Reliability of Counter-UAS Systems with Digital Lidar
• Positive Sentiment: Rosenblatt Securities raised its price target on Ouster to $53 from $40 and reiterated a buy rating, signaling higher confidence in the stock’s growth outlook. Ouster price target raised to $53 at Rosenblatt
• Positive Sentiment: Additional coverage highlighted Ouster’s momentum in defense and autonomous technology, helping fuel buying interest and pushing the stock to a multi-year high. Ouster Shares Rise As Defense Push, Analyst Targets Hike Boost Momentum
• Neutral Sentiment: The company’s COO, CTO, and CRO all disclosed stock sales, including a large sale by CTO Mark Frichtl, which may raise some caution about insider confidence, though the sales do not necessarily indicate a change in business fundamentals. SEC insider filing for Mark Frichtl SEC insider filing for Darien Spencer SEC insider filing for Cyrille Jacquemet

Analyst Ratings Changes

Several analysts recently issued reports on OUST shares. Rosenblatt Securities boosted their target price on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday. Oppenheimer reiterated an “outperform” rating and issued a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Weiss Ratings initiated coverage on shares of Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Finally, Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.80.

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.