Ouster (NASDAQ:OUST) CEO Charles Angus Pacala Sells 29,797 Shares of Stock

Ouster, Inc. (NASDAQ:OUST) CEO Charles Angus Pacala sold 29,797 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $38.82, for a total value of $1,156,719.54. Following the transaction, the chief executive officer owned 1,072,201 shares in the company, valued at $41,622,842.82. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ouster Stock Down 5.4%

OUST opened at $42.73 on Wednesday. The stock’s fifty day moving average is $32.17 and its two-hundred day moving average is $25.63. The company has a market capitalization of $2.68 billion, a P/E ratio of -44.05 and a beta of 3.24. Ouster, Inc. has a 52 week low of $16.40 and a 52 week high of $49.39.

Wall Street Analyst Weigh In

OUST has been the topic of several research reports. Oppenheimer restated an “outperform” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Weiss Ratings initiated coverage on Ouster in a report on Friday, May 15th. They issued a “sell (d-)” rating on the stock. Cantor Fitzgerald downgraded Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Rosenblatt Securities lifted their price target on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Roth Mkm 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. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $48.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OUST. Invesco Ltd. increased 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 acquiring an additional 536,413 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Ouster in the 1st quarter valued at $8,915,000. Vanguard Group Inc. increased its holdings in shares of Ouster by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after acquiring an additional 478,372 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Ouster by 130.7% in the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock valued at $15,479,000 after acquiring an additional 405,441 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Ouster by 517.5% in the 4th quarter. Squarepoint Ops LLC now owns 401,727 shares of the company’s stock worth $8,693,000 after purchasing an additional 336,673 shares in the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.