Ouster (NASDAQ:OUST) General Counsel Sells 11,484 Shares of Stock

Ouster, Inc. (NASDAQ:OUST) General Counsel Megan Chung sold 11,484 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $33.96, for a total value of $389,996.64. Following the completion of the transaction, the general counsel directly owned 189,291 shares of the company’s stock, valued at $6,428,322.36. The trade was a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ouster Trading Up 3.7%

Shares of NASDAQ OUST traded up $1.20 during mid-day trading on Wednesday, hitting $33.99. The company had a trading volume of 1,803,183 shares, compared to its average volume of 1,946,057. Ouster, Inc. has a 1 year low of $16.40 and a 1 year high of $63.79. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of -39.52 and a beta of 3.25. The stock’s 50-day moving average price is $38.76 and its 200-day moving average price is $34.11.

Ouster (NASDAQ:OUST) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $54.63 million for the quarter, compared to analysts’ expectations of $51.47 million. As a group, equities research analysts forecast that Ouster, Inc. will post -1.07 earnings per share for the current year.

Analyst Ratings Changes

OUST has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $57.00 price objective (up from $42.00) on shares of Ouster in a research note on Wednesday, July 15th. Rosenblatt Securities reissued a “buy” rating and issued a $53.00 price target on shares of Ouster in a report on Thursday, August 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Ouster in a research report on Wednesday, August 12th. Roth Capital assumed coverage on shares of Ouster in a report on Friday, May 29th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, Citigroup restated an “outperform” rating on shares of Ouster in a research report on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ouster presently has an average rating of “Moderate Buy” and an average target price of $54.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC bought a new position in Ouster in the second quarter valued at $2,172,000. IPG Investment Advisors LLC boosted its holdings in shares of Ouster by 49.2% in 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 boosted its holdings in shares of Ouster by 34.4% in the 2nd quarter. MCF Advisors LLC now owns 1,344 shares of the company’s stock worth $84,000 after purchasing an additional 344 shares in the last quarter. Archford Capital Strategies LLC bought a new position in shares of Ouster during the 2nd quarter valued at about $319,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Ouster during the 2nd quarter valued at about $74,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.