Darien Spencer Sells 10,938 Shares of Ouster (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) COO Darien Spencer sold 10,938 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total value of $256,277.34. Following the completion of the sale, the chief operating officer owned 325,250 shares of the company’s stock, valued at $7,620,607.50. The trade was a 3.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Ouster Stock Up 0.4%

Shares of Ouster stock opened at $21.39 on Wednesday. The stock’s 50-day simple moving average is $22.09 and its 200-day simple moving average is $25.26. Ouster, Inc. has a 52 week low of $6.34 and a 52 week high of $41.65. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -8.32 and a beta of 2.91.

Institutional Trading of Ouster

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in shares of Ouster by 610.1% during the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after purchasing an additional 254,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ouster by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock worth $255,000 after purchasing an additional 2,037 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ouster by 8.7% in the second quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company’s stock worth $28,876,000 after buying an additional 95,510 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Ouster by 40.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 12,242 shares of the company’s stock worth $297,000 after buying an additional 3,543 shares in the last quarter. Finally, Creative Planning boosted its stake in Ouster by 13.6% during the second quarter. Creative Planning now owns 43,004 shares of the company’s stock valued at $1,043,000 after buying an additional 5,135 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on OUST shares. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Ouster presently has a consensus rating of “Moderate Buy” and an average target price of $36.17.

About Ouster

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.