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

Ouster, Inc. (NASDAQ:OUST) COO Darien Spencer sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $45.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief operating officer directly owned 342,366 shares of the company’s stock, valued at $15,406,470. This trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, March 12th, Darien Spencer sold 10,938 shares of Ouster stock. The shares were sold at an average price of $23.43, for a total value of $256,277.34.

Ouster Stock Up 3.6%

Shares of OUST opened at $44.23 on Thursday. The stock has a 50 day moving average price of $25.76 and a 200 day moving average price of $23.64. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -45.60 and a beta of 3.06. Ouster, Inc. has a 52-week low of $10.60 and a 52-week high of $45.95.

Analyst Ratings Changes

A number of brokerages recently issued reports on OUST. Rosenblatt Securities upped their price target on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings began coverage on Ouster in a report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Finally, Cantor Fitzgerald downgraded Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ouster has a consensus rating of “Hold” and a consensus target price of $42.80.

Hedge Funds Weigh In On Ouster

Large investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ouster during the third quarter worth $1,677,000. Hillsdale Investment Management Inc. purchased a new position in shares of Ouster in the third quarter valued at $3,038,000. Handelsbanken Fonder AB increased its position in shares of Ouster by 1,419.5% in the third quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock valued at $8,385,000 after buying an additional 289,790 shares in the last quarter. SG Americas Securities LLC increased its position in Ouster by 43.2% during the 4th quarter. SG Americas Securities LLC now owns 276,578 shares of the company’s stock worth $5,985,000 after purchasing an additional 83,448 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Ouster by 514.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company’s stock worth $5,010,000 after purchasing an additional 155,063 shares in the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Key Ouster News

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

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.