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

Key Points

• Ouster CRO Cyrille Jacquemet sold 9,433 shares on May 26 at an average price of $40.00, totaling about $377,320. After the sale, he still held 123,158 shares, and the transaction reduced his position by 7.11%.
• This was not his only recent sale: Jacquemet also sold 10,000 shares on May 14 for $350,000 at an average price of $35.00, adding to a cluster of insider selling at the company.
• Ouster’s stock has been volatile but strong, trading at $44.23 and near its 1-year high of $45.95. Recent analyst activity has been mixed, though Rosenblatt raised its price target to $53 and reiterated a buy rating.

Ouster, Inc. (NASDAQ:OUST - Get Free Report) CRO Cyrille Jacquemet sold 9,433 shares of the firm's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $40.00, for a total value of $377,320.00. Following the sale, the executive owned 123,158 shares in the company, valued at $4,926,320. The trade was a 7.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Price Performance

NASDAQ OUST traded up $1.53 during trading hours on Wednesday, reaching $44.23. 5,669,402 shares of the stock traded hands, compared to its average volume of 2,701,451. The stock has a 50 day simple moving average of $25.30 and a two-hundred day simple moving average of $23.50. Ouster, Inc. has a 1 year low of $10.60 and a 1 year high of $45.95. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -45.60 and a beta of 3.06.

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 brokerages have recently issued reports on OUST. Cantor Fitzgerald cut Ouster from an "overweight" rating to a "neutral" rating in a research note on Thursday, May 7th. Oppenheimer reaffirmed an "outperform" rating and set a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Weiss Ratings began coverage on Ouster in a research note on Friday, May 15th. They set a "sell (d-)" rating on the stock. Finally, Rosenblatt Securities raised their price objective on Ouster from $40.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $42.80.

Institutional Trading of Ouster

Several large investors have recently modified their holdings of OUST. Invesco Ltd. grew its stake in shares of Ouster by 1,521.8% in the second quarter. Invesco Ltd. now owns 571,662 shares of the company's stock worth $13,863,000 after purchasing an additional 536,413 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Ouster in the first quarter worth about $8,915,000. Vanguard Group Inc. grew its stake 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 worth $127,683,000 after purchasing an additional 478,372 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Ouster by 130.7% in the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company's stock worth $15,479,000 after purchasing an additional 405,441 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Ouster by 517.5% in the fourth quarter. Squarepoint Ops LLC now owns 401,727 shares of the company's stock worth $8,693,000 after purchasing an additional 336,673 shares during the last quarter. 31.45% of the stock is owned by institutional investors.

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.

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