Cyrille Jacquemet Sells 10,000 Shares of Ouster (NASDAQ:OUST) Stock

Ouster, Inc. (NASDAQ:OUST) CRO Cyrille Jacquemet sold 10,000 shares of Ouster stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $35.00, for a total transaction of $350,000.00. Following the sale, the executive directly owned 132,590 shares of the company’s stock, valued at $4,640,650. This represents a 7.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ouster Trading Up 13.7%

Shares of Ouster stock traded up $4.22 on Thursday, hitting $35.09. 4,858,226 shares of the company traded hands, compared to its average volume of 4,949,972. The company has a market cap of $2.20 billion, a PE ratio of -36.17 and a beta of 3.06. Ouster, Inc. has a 52 week low of $9.77 and a 52 week high of $41.65. The stock’s 50 day moving average price is $24.35 and its 200-day moving average price is $23.28.

Institutional Investors Weigh In On Ouster

A number of large investors have recently made changes to their positions in OUST. NewEdge Advisors LLC grew its holdings in shares of Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after buying an additional 1,089 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after purchasing an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd boosted its holdings in Ouster by 38.1% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after purchasing an additional 800 shares during the last quarter. SHP Wealth Management purchased a new stake in Ouster in the fourth quarter valued at $96,000. Finally, Van ECK Associates Corp boosted its holdings in Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares during the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings assumed coverage on shares of Ouster in a report on Friday, May 15th. They issued a “sell (d-)” rating on the stock. Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ouster presently has an average rating of “Hold” and an average price target of $40.20.

Ouster Company Profile

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.