Ouster (NASDAQ:OUST) CRO Sells 8,896 Shares of Stock

Key Points

• Ouster CRO Cyrille Jacquemet sold 8,896 shares at an average price of $33.96, totaling $302,108.16 and reducing his position by 7.77% to 105,538 shares.
• Ouster shares rose 3.7% to $33.99, while the company reported a quarterly loss of $0.26 per share—below estimates—despite revenue of $54.63 million exceeding expectations.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $54.67; institutional investors own 31.45% of the company.

Ouster, Inc. (NASDAQ:OUST - Get Free Report) CRO Cyrille Jacquemet sold 8,896 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $33.96, for a total value of $302,108.16. Following the completion of the sale, the executive owned 105,538 shares of the company's stock, valued at $3,584,070.48. The trade was a 7.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Ouster Stock Up 3.7%

NASDAQ:OUST traded up $1.20 on Wednesday, reaching $33.99. 1,803,183 shares of the company's stock traded hands, compared to its average volume of 1,946,057. The stock has a 50-day simple moving average of $38.76 and a 200-day simple moving average of $34.11. Ouster, Inc. has a 12 month low of $16.40 and a 12 month high of $63.79. The firm has a market cap of $2.45 billion, a PE ratio of -39.52 and a beta of 3.25.

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

Institutional Investors Weigh In On Ouster

Hedge funds have recently bought and sold shares of the business. Tidal Investments LLC bought a new position in Ouster during the second quarter valued at $2,172,000. IPG Investment Advisors LLC increased its holdings in shares of 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 buying an additional 4,924 shares during the last quarter. MCF Advisors LLC raised its position in shares of Ouster by 34.4% during the 2nd quarter. MCF Advisors LLC now owns 1,344 shares of the company's stock valued at $84,000 after buying an additional 344 shares in the last quarter. Archford Capital Strategies LLC purchased a new stake in shares of Ouster during the 2nd quarter valued at about $319,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Ouster in the 2nd quarter valued at about $74,000. Hedge funds and other institutional investors own 31.45% of the company's stock.

Analyst Ratings Changes

OUST has been the subject of a number of research analyst reports. Citigroup reaffirmed an "outperform" rating on shares of Ouster in a report on Tuesday, July 21st. Roth Capital started coverage on shares of Ouster in a research report on Friday, May 29th. They set a "buy" rating and a $75.00 target price for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ouster in a research note 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, Oppenheimer reiterated an "outperform" rating and issued a $57.00 price target (up from $42.00) on shares of Ouster in a research note on Wednesday, July 15th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ouster currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.