Ouster (NYSE:OUST) Director Ted Tewksbury III Sells 1,695 Shares of Stock

Ouster, Inc. (NYSE:OUST) Director Ted Tewksbury III sold 1,695 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $20.00, for a total value of $33,900.00. Following the transaction, the director owned 121,969 shares in the company, valued at approximately $2,439,380. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ouster Stock Performance

OUST opened at $21.18 on Tuesday. The company has a market cap of $1.27 billion, a PE ratio of -8.24 and a beta of 2.91. The stock has a 50-day moving average of $21.58 and a 200-day moving average of $25.06. Ouster, Inc. has a 52-week low of $6.34 and a 52-week high of $41.65.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its holdings in shares of Ouster by 2,532.6% during the second 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. increased its position in Ouster by 8,823.5% during 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 period. Larson Financial Group LLC increased its position in Ouster by 118.8% during 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 period. Gordian Capital Singapore Pte Ltd raised its stake in Ouster by 38.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after purchasing an additional 800 shares during the last quarter. Finally, SHP Wealth Management acquired a new position in Ouster during the 4th quarter valued at $96,000. 31.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.