Ouster (NASDAQ:OUST) CRO Sells $377,320.00 in Stock

Ouster, Inc. (NASDAQ:OUST) CRO Cyrille Jacquemet sold 9,433 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $40.00, for a total transaction of $377,320.00. Following the completion of the sale, the executive owned 123,158 shares in the company, valued at $4,926,320. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Cyrille Jacquemet also recently made the following trade(s):

• On Thursday, May 14th, Cyrille Jacquemet sold 10,000 shares of Ouster stock. The shares were sold at an average price of $35.00, for a total transaction of $350,000.00.

Ouster Stock Performance

NASDAQ:OUST opened at $46.05 on Friday. Ouster, Inc. has a fifty-two week low of $11.44 and a fifty-two week high of $47.32. The stock has a market capitalization of $2.89 billion, a P/E ratio of -47.47 and a beta of 3.06. The company’s 50-day simple moving average is $26.69 and its 200-day simple moving average is $23.91.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OUST. Rosenblatt Securities raised their price target on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings began coverage on shares of Ouster in a report on Friday, May 15th. They issued a “sell (d-)” rating on the stock. Cantor Fitzgerald cut shares of Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Oppenheimer restated an “outperform” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Finally, Roth Mkm began coverage on shares of Ouster in a report on Friday. They issued a “buy” rating and a $75.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.17.

Institutional Investors Weigh In On Ouster

Hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares in the last quarter. Main Management ETF Advisors LLC increased its holdings in shares of Ouster by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company’s stock valued at $1,186,000 after purchasing an additional 560 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Ouster by 5.5% during the 2nd quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock valued at $280,000 after purchasing an additional 599 shares in the last quarter. Prosperity Wealth Management Inc. increased its holdings in shares of Ouster by 5.5% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock valued at $352,000 after purchasing an additional 675 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Ouster by 1.6% during the 3rd quarter. Creative Planning now owns 43,681 shares of the company’s stock valued at $1,182,000 after purchasing an additional 677 shares in the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Ouster Company Profile

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.