Charles Angus Pacala Sells 29,797 Shares of Ouster (NASDAQ:OUST) Stock

Ouster, Inc. (NASDAQ:OUST) CEO Charles Angus Pacala sold 29,797 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $38.82, for a total transaction of $1,156,719.54. Following the completion of the transaction, the chief executive officer directly owned 1,072,201 shares of the company’s stock, valued at approximately $41,622,842.82. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ouster Price Performance

NASDAQ:OUST traded down $2.45 during trading hours on Tuesday, hitting $42.73. The stock had a trading volume of 2,623,710 shares, compared to its average volume of 2,905,202. The company has a 50 day simple moving average of $31.71 and a two-hundred day simple moving average of $25.48. Ouster, Inc. has a one year low of $16.40 and a one year high of $49.39. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of -44.05 and a beta of 3.24.

Analyst Upgrades and Downgrades

OUST has been the subject of several analyst reports. Weiss Ratings initiated coverage on shares of Ouster in a report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Roth Mkm initiated coverage on shares of Ouster in a report on Friday, May 29th. They issued a “buy” rating and a $75.00 price target for the company. Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Oppenheimer reissued an “outperform” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Finally, Rosenblatt Securities raised their price objective on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ouster has a consensus rating of “Hold” and an average price target of $48.17.

Institutional Trading of Ouster

Several institutional investors and hedge funds have recently made changes to their positions in OUST. Hillsdale Investment Management Inc. purchased a new position in Ouster in the 3rd quarter worth $3,038,000. Handelsbanken Fonder AB raised its position in Ouster by 1,419.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock worth $8,385,000 after purchasing an additional 289,790 shares during the period. SG Americas Securities LLC increased its stake in Ouster by 43.2% in 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 during the period. JPMorgan Chase & Co. lifted its position in Ouster by 514.6% in the third quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company’s stock valued at $5,010,000 after purchasing an additional 155,063 shares during the last quarter. Finally, Algert Global LLC lifted its position in Ouster by 192.6% in the third quarter. Algert Global LLC now owns 500,902 shares of the company’s stock valued at $13,549,000 after purchasing an additional 329,735 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

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.