Key Points
- Director Stephen Skaggs sold 5,000 shares on May 5 at an average price of $30 for $150,000, leaving him with 61,690 shares (a 7.5% reduction in his stake).
- OUST shares are volatile: they opened at $24.51, have a 52‑week range of $8.37–$41.65, a market cap of $1.54B and a negative P/E of −9.54 (the article notes the stock was down ~16.6%).
- Institutions have been increasing exposure—Invesco boosted its position 1,521.8% to 571,662 shares and Vanguard holds 4.72M shares, with ~31.45% of stock owned by hedge funds/institutions; analysts' consensus is a "Moderate Buy" with an average price target of $40.20.
Ouster, Inc. (NYSE:OUST - Get Free Report) Director Stephen Skaggs sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. Following the transaction, the director directly owned 61,690 shares of the company's stock, valued at $1,850,700. This represents a 7.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Ouster Stock Down 16.6%
Shares of OUST opened at $24.51 on Friday. The business's 50 day moving average price is $22.30 and its 200-day moving average price is $23.43. Ouster, Inc. has a 52 week low of $8.37 and a 52 week high of $41.65. The stock has a market cap of $1.54 billion, a P/E ratio of -9.54 and a beta of 3.06.
Hedge Funds Weigh In On Ouster
A number of hedge funds have recently added to or reduced their stakes in OUST. Invesco Ltd. lifted its position in Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company's stock valued at $13,863,000 after acquiring an additional 536,413 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Ouster by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company's stock worth $127,683,000 after purchasing an additional 478,372 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Ouster by 130.7% in the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company's stock worth $15,479,000 after purchasing an additional 405,441 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Ouster in the third quarter worth $9,193,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Ouster by 517.5% during the fourth quarter. Squarepoint Ops LLC now owns 401,727 shares of the company's stock valued at $8,693,000 after purchasing an additional 336,673 shares in the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on OUST shares. Rosenblatt Securities reissued a "buy" rating and issued a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reaffirmed an "outperform" rating and issued a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Finally, Cantor Fitzgerald cut shares of Ouster from an "overweight" rating to a "neutral" rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Ouster presently has an average rating of "Moderate Buy" and an average price target of $40.20.
Check Out 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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