Charles Angus Pacala Sells 29,797 Shares of Ouster (NASDAQ:OUST) Stock

Ouster, Inc. (NASDAQ:OUST) CEO Charles Angus Pacala sold 29,797 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $38.82, for a total transaction of $1,156,719.54. Following the completion of the sale, the chief executive officer directly owned 1,072,201 shares of the company’s stock, valued at approximately $41,622,842.82. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ouster Stock Performance

Shares of NASDAQ OUST opened at $40.72 on Thursday. The firm has a market cap of $2.56 billion, a PE ratio of -41.98 and a beta of 3.24. The firm has a fifty day moving average of $32.60 and a 200 day moving average of $25.75. Ouster, Inc. has a one year low of $16.40 and a one year high of $49.39.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald cut shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings assumed coverage on shares of Ouster in a research note on Friday, May 15th. They set a “sell (d-)” rating on the stock. Roth Mkm assumed coverage on shares of Ouster in a research note on Friday, May 29th. They set a “buy” rating and a $75.00 target price on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Finally, Rosenblatt Securities lifted their target price on shares of Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Four 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.17.

Institutional Investors Weigh In On Ouster

Several institutional investors and hedge funds have recently added to or reduced their stakes in OUST. Hillsdale Investment Management Inc. acquired a new position in shares of Ouster during the 3rd quarter valued at about $3,038,000. Handelsbanken Fonder AB boosted its position in shares of Ouster by 1,419.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock valued at $8,385,000 after acquiring an additional 289,790 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Ouster by 43.2% during the 4th quarter. SG Americas Securities LLC now owns 276,578 shares of the company’s stock valued at $5,985,000 after acquiring an additional 83,448 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ouster by 514.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company’s stock valued at $5,010,000 after acquiring an additional 155,063 shares during the last quarter. Finally, Algert Global LLC boosted its position in shares of Ouster by 192.6% during the 3rd quarter. Algert Global LLC now owns 500,902 shares of the company’s stock valued at $13,549,000 after acquiring an additional 329,735 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

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.