Ouster (NYSE:OUST) CEO Charles Angus Pacala Sells 24,657 Shares

Ouster, Inc. (NYSE:OUST) CEO Charles Angus Pacala sold 24,657 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total value of $577,713.51. Following the completion of the transaction, the chief executive officer directly owned 960,660 shares of the company’s stock, valued at approximately $22,508,263.80. The trade was a 2.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Ouster Price Performance

Shares of Ouster stock traded down $0.17 during midday trading on Monday, hitting $21.30. 1,438,473 shares of the company were exchanged, compared to its average volume of 1,985,579. The firm has a 50 day simple moving average of $22.25 and a 200-day simple moving average of $25.38. The firm has a market cap of $1.28 billion, a P/E ratio of -8.29 and a beta of 2.91. Ouster, Inc. has a 52 week low of $6.34 and a 52 week high of $41.65.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Oppenheimer reissued an “outperform” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 target price 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. grew its position in Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after acquiring an additional 536,413 shares during the last quarter. Vanguard Group Inc. raised its position in Ouster by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after purchasing an additional 478,372 shares during the last quarter. Handelsbanken Fonder AB raised its position in Ouster by 130.7% in the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock valued at $15,479,000 after purchasing an additional 405,441 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Ouster in the third quarter worth $9,193,000. Finally, Squarepoint Ops LLC grew 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 worth $8,693,000 after purchasing an additional 336,673 shares during the last quarter. 31.45% of the stock is owned by institutional investors and hedge funds.

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.