Ouster (NYSE:OUST) COO Darien Spencer Sells 10,938 Shares

Ouster, Inc. (NYSE:OUST) COO Darien Spencer sold 10,938 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $23.43, for a total transaction of $256,277.34. Following the transaction, the chief operating officer owned 325,250 shares in the company, valued at approximately $7,620,607.50. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ouster Stock Performance

Shares of OUST traded down $0.17 during trading hours on Monday, reaching $21.30. 1,438,473 shares of the company traded hands, compared to its average volume of 1,985,579. The stock’s fifty day moving average is $22.25 and its 200 day moving average is $25.38. Ouster, Inc. has a 1-year low of $6.34 and a 1-year high of $41.65. The stock has a market cap of $1.28 billion, a P/E ratio of -8.29 and a beta of 2.91.

Analyst Ratings Changes

Several equities analysts have commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ouster has an average rating of “Moderate Buy” and an average price target of $36.17.

Hedge Funds Weigh In On Ouster

A number of hedge funds and other institutional investors have recently made changes to their positions in OUST. Van ECK Associates Corp boosted its position in shares of Ouster by 17.1% during the 3rd 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 in the last quarter. 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 worth $1,186,000 after purchasing an additional 560 shares in the last quarter. Corient Private Wealth LLC raised its position in Ouster by 5.5% in 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 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 during the period. Finally, Creative Planning lifted its stake in 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 during the period. 31.45% of the stock is owned by institutional investors.

About Ouster

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.