Ouster, Inc. (NASDAQ:OUST - Get Free Report) CEO Charles Angus Pacala sold 29,797 shares of the firm's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $38.82, for a total value of $1,156,719.54. Following the completion of the sale, the chief executive officer directly owned 1,072,201 shares of the company's stock, valued at $41,622,842.82. The trade was a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Ouster Price Performance
Ouster stock opened at $42.73 on Wednesday. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -44.05 and a beta of 3.24. Ouster, Inc. has a 1-year low of $16.40 and a 1-year high of $49.39. The business has a fifty day moving average price of $32.17 and a 200-day moving average price of $25.63.
Institutional Trading of Ouster
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Ouster by 11.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company's stock worth $127,683,000 after acquiring an additional 478,372 shares during the period. Geode Capital Management LLC lifted its position in Ouster by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 1,421,130 shares of the company's stock worth $30,758,000 after acquiring an additional 118,132 shares during the period. Penn Capital Management Company LLC lifted 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 worth $16,817,000 after acquiring an additional 150,337 shares during the period. Handelsbanken Fonder AB lifted its position in Ouster by 130.7% during the 4th 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 during the period. Finally, Invesco Ltd. lifted its position in Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company's stock worth $13,863,000 after acquiring an additional 536,413 shares during the period. Institutional investors and hedge funds own 31.45% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on OUST shares. Roth Mkm started coverage on Ouster in a research report on Friday, May 29th. They issued a "buy" rating and a $75.00 price objective for the company. Weiss Ratings started coverage on Ouster in a research report on Friday, May 15th. They issued a "sell (d-)" rating for the company. Oppenheimer reissued an "outperform" rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Cantor Fitzgerald cut Ouster from an "overweight" rating to a "neutral" rating in a research report on Thursday, May 7th. Finally, Rosenblatt Securities lifted their price target on Ouster from $40.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, May 27th. Four 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $48.17.
Read Our Latest Report on Ouster
About Ouster
(
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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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