Key Points
- Ouster CFO Kenneth Gianella sold 40,000 shares at an average price of $45.33, generating $1.81 million. His remaining stake fell 13.29% to 261,014 shares.
- Ouster reported quarterly revenue of $54.63 million, above analyst expectations, but its adjusted loss of $0.26 per share missed estimates of $0.12; analysts project a full-year loss of $1.08 per share.
- The stock opened at $40.06, with a $16.40–$63.79 52-week range. Analysts maintain a “Moderate Buy” consensus and an average price target of $54.67, while institutional investors own 31.45% of shares.
Ouster, Inc. (NASDAQ:OUST - Get Free Report) CFO Kenneth Gianella sold 40,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $45.33, for a total value of $1,813,200.00. Following the completion of the sale, the chief financial officer owned 261,014 shares of the company's stock, valued at $11,831,764.62. The trade was a 13.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Ouster Stock Performance
Shares of Ouster stock opened at $40.06 on Thursday. Ouster, Inc. has a 52-week low of $16.40 and a 52-week high of $63.79. The company's 50 day moving average price is $43.18 and its 200-day moving average price is $31.81. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -46.58 and a beta of 3.24.
Ouster (NASDAQ:OUST - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.14). The business had revenue of $54.63 million for the quarter, compared to analysts' expectations of $51.47 million. Ouster had a negative net margin of 26.02% and a negative return on equity of 17.49%. As a group, equities research analysts forecast that Ouster, Inc. will post -1.08 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Ouster
Several institutional investors have recently modified their holdings of OUST. NewEdge Advisors LLC boosted its holdings in shares of Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company's stock worth $27,000 after purchasing an additional 1,089 shares during the period. Larson Financial Group LLC boosted its stake in Ouster by 118.8% during the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company's stock worth $43,000 after buying an additional 1,067 shares during the period. FNY Investment Advisers LLC purchased a new position in Ouster during the second quarter worth $150,000. Van ECK Associates Corp increased its position in Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company's stock valued at $97,000 after acquiring an additional 525 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of Ouster in the second quarter valued at $230,000. 31.45% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have issued reports on OUST. Cantor Fitzgerald lowered Ouster from an "overweight" rating to a "neutral" rating in a research note on Thursday, May 7th. Citigroup restated an "outperform" rating on shares of Ouster in a research report on Tuesday, July 21st. Roth Capital started coverage on Ouster in a research report on Friday, May 29th. They set a "buy" rating and a $75.00 target price for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Ouster in a research note on Wednesday, August 12th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $53.00 price target on shares of Ouster in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $54.67.
View Our Latest Research Report on Ouster
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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