Ouster (NYSE:OUST) Director Acquires $136,175.00 in Stock

Key Points

• Director Virginia Boulet bought 6,500 shares on March 6 at an average price of $20.95, a $136,175 purchase that raised her holdings to 228,342 shares (a 2.93% increase).
• Ouster shares traded up 1.4% to $20.55; the company has a market cap of $1.23 billion, a PE of -8.00, and a 52‑week range of $6.34–$41.65.
• Wall Street shows a consensus of Moderate Buy with an average price target of $36.17, while large institutions like Vanguard and Geode have recently increased their stakes.

Ouster, Inc. (NYSE:OUST - Get Free Report) Director Virginia Boulet bought 6,500 shares of the company's stock in a transaction on Friday, March 6th. The shares were acquired at an average price of $20.95 per share, with a total value of $136,175.00. Following the completion of the acquisition, the director directly owned 228,342 shares in the company, valued at $4,783,764.90. This represents a 2.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ouster Trading Up 1.4%

Shares of NYSE:OUST traded up $0.28 on Monday, hitting $20.55. The company had a trading volume of 1,730,420 shares, compared to its average volume of 1,930,185. The company has a market cap of $1.23 billion, a PE ratio of -8.00 and a beta of 2.91. The business has a 50 day moving average of $22.20 and a 200 day moving average of $25.66. Ouster, Inc. has a 52-week low of $6.34 and a 52-week high of $41.65.

Wall Street Analyst Weigh In

OUST has been the subject of a number of research reports. Rosenblatt Securities reiterated a "buy" rating and set a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reissued an "outperform" rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.17.

Hedge Funds Weigh In On Ouster

Several large investors have recently added to or reduced their stakes in OUST. Vanguard Group Inc. raised its holdings in shares of Ouster by 11.3% during 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 period. Geode Capital Management LLC lifted its holdings in Ouster by 9.1% in the fourth quarter. Geode Capital Management LLC now owns 1,421,130 shares of the company's stock worth $30,758,000 after acquiring an additional 118,132 shares during the last quarter. Penn Capital Management Company LLC grew its holdings in shares of Ouster by 24.1% during the fourth quarter. Penn Capital Management Company LLC now owns 775,297 shares of the company's stock valued at $16,817,000 after purchasing an additional 150,337 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Ouster by 130.7% in the 4th 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, Marshall Wace LLP increased its position in Ouster by 29.0% in the second quarter. Marshall Wace LLP now owns 687,260 shares of the company's stock worth $16,666,000 after buying an additional 154,353 shares during the period. 31.45% of the stock is currently owned by institutional investors.

Ouster Company Profile

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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