Ouster (NASDAQ:OUST) CRO Cyrille Jacquemet Sells 9,433 Shares of Stock

Ouster, Inc. (NASDAQ:OUST) CRO Cyrille Jacquemet sold 9,433 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $40.00, for a total value of $377,320.00. Following the transaction, the executive directly owned 123,158 shares of the company’s stock, valued at approximately $4,926,320. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Cyrille Jacquemet also recently made the following trade(s):

• On Thursday, May 14th, Cyrille Jacquemet sold 10,000 shares of Ouster stock. The shares were sold at an average price of $35.00, for a total value of $350,000.00.

Ouster Stock Up 3.6%

OUST stock opened at $44.23 on Thursday. The business has a 50 day moving average price of $25.76 and a 200 day moving average price of $23.64. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of -45.60 and a beta of 3.06. Ouster, Inc. has a fifty-two week low of $10.60 and a fifty-two week high of $45.95.

Hedge Funds Weigh In On Ouster

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 worth $27,000 after buying an additional 1,089 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Ouster by 118.8% during the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after buying an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Ouster by 38.1% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after buying an additional 800 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after buying an additional 525 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Ouster during the third quarter worth about $120,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Trending Headlines about Ouster

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Ouster announced a strategic agreement with ARGUS Interception to strengthen counter-drone systems using its digital lidar technology, reinforcing its presence in the defense and autonomous systems markets. ARGUS Interception and Ouster Announce Strategic Agreement to Strengthen the Precision and Reliability of Counter-UAS Systems with Digital Lidar
• Positive Sentiment: Rosenblatt Securities raised its price target on Ouster to $53 from $40 and reiterated a buy rating, signaling higher confidence in the stock’s growth outlook. Ouster price target raised to $53 at Rosenblatt
• Positive Sentiment: Additional coverage highlighted Ouster’s momentum in defense and autonomous technology, helping fuel buying interest and pushing the stock to a multi-year high. Ouster Shares Rise As Defense Push, Analyst Targets Hike Boost Momentum
• Neutral Sentiment: The company’s COO, CTO, and CRO all disclosed stock sales, including a large sale by CTO Mark Frichtl, which may raise some caution about insider confidence, though the sales do not necessarily indicate a change in business fundamentals. SEC insider filing for Mark Frichtl SEC insider filing for Darien Spencer SEC insider filing for Cyrille Jacquemet

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OUST shares. Weiss Ratings started coverage on Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Rosenblatt Securities upped their target price on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Oppenheimer reissued an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research 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 stock. According to MarketBeat, Ouster currently has an average rating of “Hold” and an average price target of $42.80.

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.