Ouster (NASDAQ:OUST) COO Sells $434,959.68 in Stock

Ouster, Inc. (NASDAQ:OUST) COO Darien Spencer sold 12,808 shares of Ouster stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $33.96, for a total transaction of $434,959.68. Following the completion of the transaction, the chief operating officer directly owned 286,998 shares in the company, valued at $9,746,452.08. This represents a 4.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Darien Spencer also recently made the following trade(s):

• On Tuesday, August 4th, Darien Spencer sold 30,000 shares of Ouster stock. The stock was sold at an average price of $45.00, for a total transaction of $1,350,000.00.

Ouster Stock Up 3.7%

Ouster stock traded up $1.20 during mid-day trading on Wednesday, hitting $33.99. The company’s stock had a trading volume of 1,803,183 shares, compared to its average volume of 1,946,057. The stock has a market capitalization of $2.45 billion, a P/E ratio of -39.52 and a beta of 3.25. Ouster, Inc. has a twelve month low of $16.40 and a twelve month high of $63.79. The stock’s fifty day moving average price is $38.76 and its two-hundred day moving average price is $34.11.

Ouster (NASDAQ:OUST) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.14). The company had revenue of $54.63 million for the quarter, compared to the consensus estimate of $51.47 million. Ouster had a negative return on equity of 17.49% and a negative net margin of 26.02%. Equities analysts expect that Ouster, Inc. will post -1.07 earnings per share for the current year.

Institutional Investors Weigh In On Ouster

A number of institutional investors have recently modified their holdings of OUST. Integrated Wealth Concepts LLC purchased a new position in shares of Ouster during the 2nd quarter valued at $74,000. Allworth Financial LP boosted its position in Ouster by 40.3% during the second quarter. Allworth Financial LP now owns 1,190 shares of the company’s stock valued at $74,000 after purchasing an additional 342 shares during the last quarter. MCF Advisors LLC boosted its position in Ouster by 34.4% during the second quarter. MCF Advisors LLC now owns 1,344 shares of the company’s stock valued at $84,000 after purchasing an additional 344 shares during the last quarter. Orion Capital Management LLC grew its stake in Ouster by 195.7% in the second quarter. Orion Capital Management LLC now owns 1,511 shares of the company’s stock valued at $94,000 after purchasing an additional 1,000 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Ouster by 780.7% in the second quarter. IFP Advisors Inc now owns 1,647 shares of the company’s stock valued at $103,000 after purchasing an additional 1,460 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

OUST has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $53.00 price target on shares of Ouster in a research report on Thursday, August 27th. Citigroup reiterated an “outperform” rating on shares of Ouster in a report on Tuesday, July 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Ouster in a research note on Wednesday, August 12th. Roth Capital began coverage on Ouster in a research report on Friday, May 29th. They set a “buy” rating and a $75.00 price objective for the company. Finally, Northland Securities set a $60.00 target price on Ouster and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ouster presently has an average rating of “Moderate Buy” and an average price target of $54.67.

Ouster Company Profile

Ouster, Inc develops lidar sensors and software used to help machines perceive and understand their surroundings. Its digital lidar technology measures distance and generates three-dimensional data for applications including industrial automation, robotics, intelligent transportation, infrastructure monitoring and automotive systems.

The company offers a portfolio of lidar sensors designed for different range, resolution and deployment requirements, along with software and perception tools that help customers interpret sensor data.