Darien Spencer Sells 3,844 Shares of Ouster, Inc. (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) COO Darien Spencer sold 3,844 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $6.16, for a total transaction of $23,679.04. Following the completion of the sale, the chief operating officer now owns 305,875 shares of the company’s stock, valued at $1,884,190. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ouster Price Performance

Shares of NYSE OUST opened at $6.29 on Wednesday. The company has a market capitalization of $284.24 million, a P/E ratio of -1.13 and a beta of 2.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.40 and a quick ratio of 3.14. The company has a 50 day simple moving average of $9.99 and a 200-day simple moving average of $9.43. Ouster, Inc. has a 1 year low of $3.67 and a 1 year high of $16.88.

Ouster (NYSE:OUST) last posted its earnings results on Tuesday, August 13th. The company reported ($0.53) earnings per share (EPS) for the quarter. Ouster had a negative return on equity of 68.48% and a negative net margin of 122.32%. The business had revenue of $26.99 million for the quarter. On average, equities research analysts predict that Ouster, Inc. will post -2.4 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in shares of Ouster by 27.3% in the 4th quarter. Russell Investments Group Ltd. now owns 42,342 shares of the company’s stock valued at $325,000 after acquiring an additional 9,078 shares during the period. Jump Financial LLC lifted its stake in Ouster by 25.2% during the fourth quarter. Jump Financial LLC now owns 26,217 shares of the company’s stock worth $201,000 after purchasing an additional 5,276 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Ouster during the fourth quarter worth $4,585,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ouster in the 4th quarter valued at $103,000. Finally, Worth Venture Partners LLC raised its holdings in shares of Ouster by 49.0% in the 4th quarter. Worth Venture Partners LLC now owns 469,312 shares of the company’s stock valued at $3,600,000 after buying an additional 154,402 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OUST shares. Craig Hallum dropped their price objective on shares of Ouster from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Westpark Capital restated a “buy” rating and issued a $17.00 price target on shares of Ouster in a research report on Monday, August 12th. Cantor Fitzgerald reiterated a “neutral” rating and set a $12.00 price objective on shares of Ouster in a research report on Monday, September 9th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $17.00 target price on shares of Ouster in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.40.

Ouster Company Profile

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.