Charles Angus Pacala Sells 30,385 Shares of Ouster (NASDAQ:OUST) Stock

Ouster, Inc. (NASDAQ:OUST) CEO Charles Pacala sold 30,385 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $33.96, for a total value of $1,031,874.60. Following the completion of the transaction, the chief executive officer directly owned 1,041,816 shares of the company’s stock, valued at approximately $35,380,071.36. This trade represents a 2.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ouster Stock Up 3.7%

Shares of NASDAQ OUST traded up $1.20 during trading on Wednesday, reaching $33.99. 1,803,183 shares of the company traded hands, compared to its average volume of 1,946,057. The firm has a 50 day simple moving average of $38.76 and a 200-day simple moving average of $34.11. Ouster, Inc. has a 52-week low of $16.40 and a 52-week high of $63.79. The stock has a market capitalization of $2.45 billion, a PE ratio of -39.52 and a beta of 3.25.

Ouster (NASDAQ:OUST) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.14). Ouster had a negative net margin of 26.02% and a negative return on equity of 17.49%. The company had revenue of $54.63 million for the quarter, compared to analysts’ expectations of $51.47 million. As a group, research analysts predict that Ouster, Inc. will post -1.07 EPS for the current year.

Institutional Trading of Ouster

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new position in shares of Ouster in the second quarter valued at about $2,172,000. IPG Investment Advisors LLC grew its position in shares of Ouster by 49.2% during the second quarter. IPG Investment Advisors LLC now owns 14,924 shares of the company’s stock worth $933,000 after purchasing an additional 4,924 shares in the last quarter. MCF Advisors LLC raised its stake in 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 purchasing an additional 344 shares during the period. Archford Capital Strategies LLC bought a new stake in Ouster during the 2nd quarter valued at approximately $319,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Ouster in the 2nd quarter worth approximately $74,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Analysts Set New Price Targets

OUST has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ouster in a research report on Wednesday, August 12th. Oppenheimer reaffirmed an “outperform” rating and set a $57.00 price target (up from $42.00) on shares of Ouster in a research report on Wednesday, July 15th. Rosenblatt Securities reissued a “buy” rating and issued a $53.00 price objective on shares of Ouster in a report on Thursday, August 27th. Roth Capital initiated 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. Finally, Northland Securities set a $60.00 price target on shares of Ouster and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Six equities research 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 has an average rating of “Moderate Buy” and an average 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.