Insider Selling: Ouster (NASDAQ:OUST) CFO Sells $532,696.56 in Stock

Ouster, Inc. (NASDAQ:OUST) CFO Kenneth Gianella sold 15,686 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $33.96, for a total transaction of $532,696.56. Following the sale, the chief financial officer owned 245,328 shares of the company’s stock, valued at approximately $8,331,338.88. This represents a 6.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ouster Stock Performance

NASDAQ OUST opened at $35.05 on Friday. The firm’s fifty day moving average is $38.34 and its two-hundred day moving average is $34.23. Ouster, Inc. has a one year low of $16.40 and a one year high of $63.79. The firm has a market cap of $2.53 billion, a PE ratio of -40.76 and a beta of 3.25.

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

Hedge Funds Weigh In On Ouster

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its position in Ouster by 118.8% during the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after purchasing an additional 1,067 shares during the period. Allworth Financial LP lifted its holdings in shares of Ouster by 40.3% in the 2nd quarter. Allworth Financial LP now owns 1,190 shares of the company’s stock valued at $74,000 after buying an additional 342 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Ouster in the 2nd quarter valued at approximately $74,000. MCF Advisors LLC boosted its stake in shares of Ouster by 34.4% in the second quarter. MCF Advisors LLC now owns 1,344 shares of the company’s stock valued at $84,000 after buying an additional 344 shares in the last quarter. Finally, Orion Capital Management LLC boosted its stake in shares of Ouster by 195.7% in the second quarter. Orion Capital Management LLC now owns 1,511 shares of the company’s stock valued at $94,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $53.00 target price on shares of Ouster in a research note on Thursday, August 27th. Oppenheimer restated 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ouster in a report on Wednesday, August 12th. Citigroup reissued an “outperform” rating on shares of Ouster in a research note on Tuesday, July 21st. Finally, Northland Securities set a $60.00 price objective on shares of Ouster and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Six research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.67.

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.