Ouster (NASDAQ:OUST) CFO Sells 15,686 Shares

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

Ouster Trading Up 3.7%

Shares of NASDAQ:OUST traded up $1.20 during midday trading on Wednesday, hitting $33.99. The company had a trading volume of 1,803,183 shares, compared to its average volume of 3,149,709. Ouster, Inc. has a 12 month low of $16.40 and a 12 month high of $63.79. The firm has a fifty day simple moving average of $38.94 and a 200 day simple moving average of $34.01. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -39.52 and a beta of 3.25.

Ouster (NASDAQ:OUST) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). Ouster had a negative net margin of 26.02% and a negative return on equity of 17.49%. The company had revenue of $54.63 million during the quarter, compared to the consensus estimate of $51.47 million. Equities analysts forecast that Ouster, Inc. will post -1.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Ouster

A number of hedge funds have recently modified their holdings of the business. Tidal Investments LLC acquired a new position in shares of Ouster in the 2nd quarter valued at approximately $2,172,000. IPG Investment Advisors LLC increased its stake in Ouster by 49.2% during the 2nd quarter. IPG Investment Advisors LLC now owns 14,924 shares of the company’s stock worth $933,000 after purchasing an additional 4,924 shares in the last quarter. MCF Advisors LLC raised its holdings in Ouster by 34.4% during the 2nd quarter. MCF Advisors LLC now owns 1,344 shares of the company’s stock worth $84,000 after buying an additional 344 shares during the period. Archford Capital Strategies LLC acquired a new stake in Ouster during the 2nd quarter worth approximately $319,000. Finally, Integrated Wealth Concepts LLC bought a new position in Ouster in the second quarter valued at approximately $74,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Analysts Set New Price Targets

OUST has been the topic of a number of analyst reports. Northland Securities set a $60.00 price target on shares of Ouster and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Citigroup restated an “outperform” rating on shares of Ouster in a report on Tuesday, July 21st. Roth Capital started coverage on shares of Ouster in a research note on Friday, May 29th. They issued a “buy” rating and a $75.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ouster in a report on Wednesday, August 12th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $53.00 price target on shares of Ouster in a research report on Thursday, August 27th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.