Key Points
- Ouster director Susan Heystee sold 9,316 shares on May 21 at an average price of $34.80, totaling about $324,197. After the sale, she still held 35,094 shares, a reduction of 20.98% in her position.
- OUST shares were trading higher, opening at $37.03 and up 5.5% in the session. The stock has traded between $10.06 and $41.65 over the past 12 months.
- Analyst sentiment is mixed but leans cautious, with a consensus rating of “Hold” and an average price target of $40.20. Recent actions included one downgrade to neutral and a new sell rating from Weiss Ratings.
Ouster, Inc. (NASDAQ:OUST - Get Free Report) Director Susan Heystee sold 9,316 shares of the business's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $34.80, for a total value of $324,196.80. Following the sale, the director directly owned 35,094 shares of the company's stock, valued at approximately $1,221,271.20. This trade represents a 20.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Ouster Trading Up 5.5%
OUST stock opened at $37.03 on Friday. The stock has a 50-day moving average price of $24.59 and a two-hundred day moving average price of $23.37. Ouster, Inc. has a 12-month low of $10.06 and a 12-month high of $41.65. The company has a market cap of $2.33 billion, a PE ratio of -38.17 and a beta of 3.06.
Institutional Investors Weigh In On Ouster
Several institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company's stock worth $97,000 after buying an additional 525 shares during the period. Main Management ETF Advisors LLC boosted its position in shares of Ouster by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company's stock worth $1,186,000 after buying an additional 560 shares during the period. Corient Private Wealth LLC boosted its position in shares of Ouster by 5.5% in the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company's stock worth $280,000 after buying an additional 599 shares during the period. Prosperity Wealth Management Inc. boosted its position in shares of Ouster by 5.5% in the third quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company's stock worth $352,000 after buying an additional 675 shares during the period. Finally, Creative Planning boosted its position in shares of Ouster by 1.6% in the third quarter. Creative Planning now owns 43,681 shares of the company's stock worth $1,182,000 after buying an additional 677 shares during the period. Hedge funds and other institutional investors own 31.45% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on OUST shares. Rosenblatt Securities reissued a "buy" rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Cantor Fitzgerald downgraded Ouster from an "overweight" rating to a "neutral" rating in a research report on Thursday, May 7th. Weiss Ratings started coverage on Ouster in a research report on Friday, May 15th. They set a "sell (d-)" rating for the company. Finally, Oppenheimer reissued an "outperform" rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ouster currently has an average rating of "Hold" and a consensus price target of $40.20.
View Our Latest Report on OUST
Ouster Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
