Ouster (NASDAQ:OUST) Director Susan Heystee Sells 9,316 Shares

Ouster, Inc. (NASDAQ:OUST) Director Susan Heystee sold 9,316 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $34.80, for a total transaction of $324,196.80. Following the transaction, the director owned 35,094 shares in the company, valued at $1,221,271.20. The trade was a 20.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ouster Stock Performance

OUST traded up $1.94 on Friday, hitting $37.03. 5,469,076 shares of the company were exchanged, compared to its average volume of 2,610,381. The business’s fifty day moving average is $24.35 and its 200 day moving average is $23.28. Ouster, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $41.65. The firm has a market capitalization of $2.33 billion, a P/E ratio of -38.17 and a beta of 3.06.

Analyst Ratings Changes

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

Institutional Trading of Ouster

Several large investors have recently modified their holdings of OUST. Invesco Ltd. grew its position in shares of Ouster by 1,521.8% in the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after purchasing an additional 536,413 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Ouster in the first quarter valued at approximately $8,915,000. Vanguard Group Inc. grew its position in shares of Ouster by 11.3% in the third 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 lifted its stake in shares of Ouster by 130.7% during the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock valued at $15,479,000 after buying an additional 405,441 shares during the period. Finally, Squarepoint Ops LLC lifted its stake 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 buying an additional 336,673 shares during the period. 31.45% of the stock is currently 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.