Cyrille Jacquemet Sells 9,433 Shares of Ouster (NASDAQ:OUST) Stock

Ouster, Inc. (NASDAQ:OUST) CRO Cyrille Jacquemet sold 9,433 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $40.00, for a total transaction of $377,320.00. Following the completion of the transaction, the executive directly owned 123,158 shares in the company, valued at approximately $4,926,320. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Cyrille Jacquemet also recently made the following trade(s):

• On Thursday, May 14th, Cyrille Jacquemet sold 10,000 shares of Ouster stock. The shares were sold at an average price of $35.00, for a total transaction of $350,000.00.

Ouster Stock Performance

OUST opened at $42.33 on Friday. The firm’s fifty day moving average is $26.18 and its two-hundred day moving average is $23.76. The firm has a market cap of $2.66 billion, a PE ratio of -43.64 and a beta of 3.06. Ouster, Inc. has a twelve month low of $11.44 and a twelve month high of $45.95.

Institutional Investors Weigh In On Ouster

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of Ouster by 114.6% during the first quarter. Bank of America Corp DE now owns 217,390 shares of the company’s stock worth $3,993,000 after acquiring an additional 116,096 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Ouster by 706.0% during the first quarter. Janus Henderson Group PLC now owns 177,895 shares of the company’s stock worth $3,268,000 after acquiring an additional 155,825 shares during the period. Amundi raised its holdings in shares of Ouster by 40.1% during the first quarter. Amundi now owns 21,921 shares of the company’s stock worth $403,000 after acquiring an additional 6,278 shares during the period. California State Teachers Retirement System raised its holdings in shares of Ouster by 50.3% during the first quarter. California State Teachers Retirement System now owns 79,401 shares of the company’s stock worth $1,459,000 after acquiring an additional 26,574 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Ouster by 34.4% during the first quarter. Royal Bank of Canada now owns 5,888 shares of the company’s stock worth $108,000 after acquiring an additional 1,507 shares during the period. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Ouster

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Rosenblatt Securities raised its price target on Ouster to $53 from $40 and reiterated a buy rating, reinforcing the view that the stock’s recent run may have more room to continue. Ouster price target raised to $53 at Rosenblatt
• Positive Sentiment: Recent coverage highlighted Ouster’s growing momentum in defense and autonomous technology markets, including a strategic agreement to strengthen counter-drone systems with its digital lidar products. ARGUS Interception and Ouster Announce Strategic Agreement
• Positive Sentiment: Market commentary also pointed to Ouster’s breakout momentum and new highs, suggesting traders are buying into the company’s defense and robotics growth story. Ouster Shares Rise As Defense Push, Analyst Targets Hike Boost Momentum
• Neutral Sentiment: Multiple insiders, including the COO, CTO, and CRO, sold shares recently. While that can create caution, the sales were disclosed and do not necessarily signal a change in the company’s fundamentals. SEC filing for Mark Frichtl SEC filing for Darien Spencer SEC filing for Cyrille Jacquemet
• Negative Sentiment: The insider selling, especially a large CTO sale, may worry some investors who view it as a sign that management is taking profits after the stock’s sharp run-up.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OUST. Weiss Ratings began coverage on shares of Ouster in a report on Friday, May 15th. They issued a “sell (d-)” rating on the stock. Oppenheimer reiterated an “outperform” rating and issued a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Finally, Rosenblatt Securities increased their target price on shares of Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.80.

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.