Key Points
- Ouster COO Darien Spencer sold 30,000 shares at $45 each for $1.35 million, reducing his ownership by 9.1% to 299,806 shares.
- Ouster shares opened at $45.12, with a 52-week range of $16.40 to $63.79 and a market capitalization of approximately $2.83 billion.
- The company reported quarterly revenue of $48.58 million but missed earnings estimates, posting a loss of $0.28 per share versus the expected $0.12 loss. Analysts maintain a “Moderate Buy” consensus with an average price target of $54.67.
Ouster, Inc. (NASDAQ:OUST - Get Free Report) COO Darien Spencer sold 30,000 shares of Ouster stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the sale, the chief operating officer owned 299,806 shares of the company's stock, valued at approximately $13,491,270. This trade represents a 9.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Darien Spencer also recently made the following trade(s):
- On Tuesday, May 26th, Darien Spencer sold 30,000 shares of Ouster stock. The shares were sold at an average price of $45.00, for a total transaction of $1,350,000.00.
Ouster Stock Performance
Shares of NASDAQ OUST opened at $45.12 on Thursday. Ouster, Inc. has a 1 year low of $16.40 and a 1 year high of $63.79. The firm's 50 day moving average price is $42.79 and its 200 day moving average price is $30.42. The firm has a market cap of $2.83 billion, a P/E ratio of -46.51 and a beta of 3.24.
Ouster (NASDAQ:OUST - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The firm had revenue of $48.58 million during the quarter, compared to analysts' expectations of $46.15 million. Ouster had a negative return on equity of 21.49% and a negative net margin of 30.12%.During the same period in the previous year, the firm posted ($0.42) earnings per share. As a group, equities analysts predict that Ouster, Inc. will post -1.03 EPS for the current year.
Hedge Funds Weigh In On Ouster
A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company's stock worth $97,000 after purchasing an additional 525 shares during the period. Main Management ETF Advisors LLC raised its position in Ouster by 1.0% in the fourth 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 during the period. Corient Private Wealth LLC lifted its stake in shares of Ouster by 5.5% during the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company's stock worth $280,000 after purchasing an additional 599 shares in the last quarter. Prosperity Wealth Management Inc. lifted its stake in shares of Ouster by 5.5% during the third quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company's stock worth $352,000 after purchasing an additional 675 shares in the last quarter. Finally, Creative Planning lifted its stake in shares of Ouster by 1.6% during the third quarter. Creative Planning now owns 43,681 shares of the company's stock worth $1,182,000 after purchasing an additional 677 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Northland Securities set a $60.00 price objective on Ouster and gave the company an "outperform" rating in a research report on Tuesday, July 21st. Oppenheimer reiterated an "outperform" rating and set a $57.00 target price (up from $42.00) on shares of Ouster in a research report on Wednesday, July 15th. Weiss Ratings started coverage on Ouster in a research note on Friday, May 15th. They issued a "sell (d-)" rating on the stock. Cantor Fitzgerald cut Ouster from an "overweight" rating to a "neutral" rating in a report on Thursday, May 7th. Finally, Rosenblatt Securities upped their price objective on shares of Ouster from $40.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, May 27th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.67.
Check Out Our Latest Stock Analysis 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.
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