Ouster (NASDAQ:OUST) COO Darien Spencer Sells 30,000 Shares

Ouster, Inc. (NASDAQ:OUST) COO Darien Spencer sold 30,000 shares of Ouster stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the sale, the chief operating officer owned 299,806 shares of the company’s stock, valued at approximately $13,491,270. The trade was a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Darien Spencer also recently made the following trade(s):

• On Tuesday, May 26th, Darien Spencer sold 30,000 shares of Ouster stock. The stock was sold at an average price of $45.00, for a total value of $1,350,000.00.

Ouster Price Performance

OUST opened at $45.12 on Thursday. Ouster, Inc. has a 1-year low of $16.40 and a 1-year high of $63.79. The stock has a market cap of $2.83 billion, a P/E ratio of -46.51 and a beta of 3.24. The stock’s 50 day simple moving average is $42.79 and its 200 day simple moving average is $30.42.

Ouster (NASDAQ:OUST) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The firm had revenue of $48.58 million for the quarter, compared to analyst estimates of $46.15 million. Ouster had a negative return on equity of 21.49% and a negative net margin of 30.12%.During the same period in the prior year, the firm posted ($0.42) earnings per share. Research analysts expect that Ouster, Inc. will post -1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OUST. Oppenheimer reaffirmed an “outperform” rating and set a $57.00 price target (up from $42.00) on shares of Ouster in a research note on Wednesday, July 15th. Roth Capital initiated coverage on shares of Ouster in a research note on Friday, May 29th. They issued a “buy” rating and a $75.00 price objective on the stock. Citigroup reissued an “outperform” rating on shares of Ouster in a research note on Tuesday, July 21st. Weiss Ratings began coverage on shares of Ouster in a report on Friday, May 15th. They set a “sell (d-)” rating for the company. Finally, Cantor Fitzgerald cut shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.67.

Institutional Investors Weigh In On Ouster

A number of large investors have recently bought and sold shares of OUST. AQR Capital Management LLC raised its holdings in shares of Ouster by 610.1% in the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock worth $2,661,000 after acquiring an additional 254,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ouster by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock valued at $255,000 after acquiring an additional 2,037 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Ouster by 138.2% during the second quarter. Legal & General Group Plc now owns 9,990 shares of the company’s stock valued at $242,000 after acquiring an additional 5,796 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Ouster by 22.0% during the second quarter. American Century Companies Inc. now owns 63,298 shares of the company’s stock valued at $1,535,000 after acquiring an additional 11,416 shares during the last quarter. Finally, Invesco Ltd. increased 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 purchasing an additional 536,413 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

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.