Key Points
- Ouster CRO Cyrille Jacquemet sold 10,000 shares on May 14 at an average price of $35.00, generating about $350,000 in proceeds. After the sale, he still held 132,590 shares valued at roughly $4.64 million.
- The sale reduced his ownership by 7.01%, according to the SEC filing disclosed in the article.
- Analyst sentiment is mixed: Ouster has a consensus rating of “Hold” with an average target price of $40.20, while recent ratings ranged from Buy to Sell.
Ouster, Inc. (NASDAQ:OUST - Get Free Report) CRO Cyrille Jacquemet sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $35.00, for a total value of $350,000.00. Following the completion of the transaction, the executive owned 132,590 shares in the company, valued at approximately $4,640,650. This trade represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ouster Stock Performance
OUST stock opened at $35.09 on Friday. Ouster, Inc. has a 1 year low of $9.77 and a 1 year high of $41.65. The firm has a market cap of $2.20 billion, a P/E ratio of -36.17 and a beta of 3.06. The stock has a 50-day simple moving average of $24.35 and a 200-day simple moving average of $23.28.
Institutional Investors Weigh In On Ouster
A number of hedge funds have recently bought and sold shares of OUST. AQR Capital Management LLC grew its stake in Ouster by 610.1% during the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company's stock valued at $2,661,000 after purchasing an additional 254,580 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ouster by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company's stock valued at $255,000 after purchasing an additional 2,037 shares in the last quarter. Legal & General Group Plc grew its stake in Ouster by 138.2% during the 2nd quarter. Legal & General Group Plc now owns 9,990 shares of the company's stock valued at $242,000 after purchasing an additional 5,796 shares in the last quarter. American Century Companies Inc. grew its stake in Ouster by 22.0% during the 2nd quarter. American Century Companies Inc. now owns 63,298 shares of the company's stock valued at $1,535,000 after purchasing an additional 11,416 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company's stock valued at $13,863,000 after purchasing an additional 536,413 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Weiss Ratings assumed coverage on Ouster in a research note on Friday, May 15th. They issued a "sell (d-)" rating for the company. Rosenblatt Securities reiterated a "buy" rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Oppenheimer reiterated an "outperform" rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald lowered Ouster from an "overweight" rating to a "neutral" rating in a research note on Thursday, May 7th. Three 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.com, the company currently has a consensus rating of "Hold" and an average target price of $40.20.
View Our Latest Stock Analysis on Ouster
About Ouster
(
Get Free Report)
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.
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