Charles Angus Pacala Sells 24,657 Shares of Ouster (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) CEO Charles Angus Pacala sold 24,657 shares of Ouster stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $23.43, for a total transaction of $577,713.51. Following the sale, the chief executive officer owned 960,660 shares of the company’s stock, valued at $22,508,263.80. The trade was a 2.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ouster Stock Up 0.4%

Shares of NYSE:OUST opened at $21.39 on Wednesday. The business’s 50 day moving average is $22.09 and its 200 day moving average is $25.26. The stock has a market cap of $1.28 billion, a P/E ratio of -8.32 and a beta of 2.91. Ouster, Inc. has a 52-week low of $6.34 and a 52-week high of $41.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after buying an additional 1,089 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Ouster by 8,823.5% in the second quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock worth $37,000 after acquiring an additional 1,500 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after acquiring an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd increased its position in shares of Ouster by 38.1% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after purchasing an additional 800 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after purchasing an additional 525 shares in the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reiterated an “outperform” rating and set a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.17.

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.