Darien Spencer Sells 12,808 Shares of Ouster (NASDAQ:OUST) Stock

Ouster, Inc. (NASDAQ:OUST) COO Darien Spencer sold 12,808 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $33.96, for a total transaction of $434,959.68. Following the transaction, the chief operating officer directly owned 286,998 shares in the company, valued at approximately $9,746,452.08. The trade was a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, August 4th, Darien Spencer sold 30,000 shares of Ouster stock. The stock was sold at an average price of $45.00, for a total transaction of $1,350,000.00.

Ouster Stock Up 3.7%

Shares of OUST traded up $1.20 during mid-day trading on Wednesday, hitting $33.99. 1,803,183 shares of the company’s stock were exchanged, compared to its average volume of 1,946,057. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -39.52 and a beta of 3.25. The firm has a fifty day moving average of $38.76 and a two-hundred day moving average of $34.11. Ouster, Inc. has a twelve month low of $16.40 and a twelve month high of $63.79.

Ouster (NASDAQ:OUST) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). The business had revenue of $54.63 million during the quarter, compared to the consensus estimate of $51.47 million. Ouster had a negative return on equity of 17.49% and a negative net margin of 26.02%. On average, equities analysts predict that Ouster, Inc. will post -1.07 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on OUST. Citigroup restated an “outperform” rating on shares of Ouster in a report on Tuesday, July 21st. Roth Capital initiated coverage on shares of Ouster in a report on Friday, May 29th. They set a “buy” rating and a $75.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Ouster in a research report on Wednesday, August 12th. Northland Securities set a $60.00 price target on shares of Ouster and gave the company an “outperform” rating in a report on Tuesday, July 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $53.00 price objective on shares of Ouster in a research note on Thursday, August 27th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.67.

Institutional Investors Weigh In On Ouster

Several hedge funds and other institutional investors have recently modified their holdings of OUST. Tidal Investments LLC acquired a new position in Ouster during the 2nd quarter valued at $2,172,000. IPG Investment Advisors LLC grew its position in Ouster by 49.2% in the 2nd quarter. IPG Investment Advisors LLC now owns 14,924 shares of the company’s stock worth $933,000 after purchasing an additional 4,924 shares during the last quarter. MCF Advisors LLC grew its position in Ouster by 34.4% in the 2nd quarter. MCF Advisors LLC now owns 1,344 shares of the company’s stock worth $84,000 after purchasing an additional 344 shares during the last quarter. Archford Capital Strategies LLC bought a new position in shares of Ouster during the 2nd quarter worth about $319,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Ouster during the 2nd quarter worth about $74,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Company Profile

Ouster, Inc develops lidar sensors and software used to help machines perceive and understand their surroundings. Its digital lidar technology measures distance and generates three-dimensional data for applications including industrial automation, robotics, intelligent transportation, infrastructure monitoring and automotive systems.

The company offers a portfolio of lidar sensors designed for different range, resolution and deployment requirements, along with software and perception tools that help customers interpret sensor data.