Insider Selling: Ouster (NASDAQ:OUST) COO Sells $434,959.68 in Stock

Ouster, Inc. (NASDAQ:OUST) COO Darien Spencer sold 12,808 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $33.96, for a total transaction of $434,959.68. Following the completion of the sale, the chief operating officer directly owned 286,998 shares of the company’s stock, valued at approximately $9,746,452.08. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Darien Spencer also recently made the following trade(s):

• On Tuesday, August 4th, Darien Spencer sold 30,000 shares of Ouster stock. The shares were sold at an average price of $45.00, for a total transaction of $1,350,000.00.

Ouster Price Performance

Shares of NASDAQ OUST opened at $35.05 on Friday. Ouster, Inc. has a 1 year low of $16.40 and a 1 year high of $63.79. The stock has a market capitalization of $2.53 billion, a P/E ratio of -40.76 and a beta of 3.25. The company’s 50-day moving average is $38.34 and its 200 day moving average is $34.23.

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

Institutional Trading of Ouster

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Penn Capital Management Company LLC increased its position in Ouster by 24.1% during the 4th quarter. Penn Capital Management Company LLC now owns 775,297 shares of the company’s stock valued at $16,817,000 after buying an additional 150,337 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in 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 acquiring an additional 405,441 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Ouster in the first quarter worth $8,915,000. Dimensional Fund Advisors LP grew its stake in shares of Ouster by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 483,871 shares of the company’s stock worth $8,889,000 after acquiring an additional 32,440 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in shares of Ouster in the second quarter worth $25,218,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OUST. Citigroup reaffirmed an “outperform” rating on shares of Ouster in a research note on Tuesday, July 21st. Roth Capital assumed coverage on shares of Ouster in a report on Friday, May 29th. They set a “buy” rating and a $75.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ouster in a research report on Wednesday, August 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $57.00 target price (up from $42.00) on shares of Ouster in a research report on Wednesday, July 15th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $53.00 price target on shares of Ouster in a research note on Thursday, August 27th. Six 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 data from MarketBeat.com, Ouster presently has an average rating of “Moderate Buy” and an average target price 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.