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

Ouster, Inc. (NYSE:OUST) Director Ted Tewksbury III sold 1,695 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $20.00, for a total transaction of $33,900.00. Following the sale, the director directly owned 121,969 shares in the company, valued at $2,439,380. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ouster Stock Performance

OUST opened at $20.57 on Wednesday. Ouster, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $41.65. The company has a fifty day moving average of $21.45 and a two-hundred day moving average of $25.01. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -8.00 and a beta of 2.91.

Institutional Trading of Ouster

A number of hedge funds have recently bought and sold shares of OUST. NewEdge Advisors LLC grew its position in shares of Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares in the last quarter. TD Waterhouse Canada Inc. lifted 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 buying an additional 1,500 shares in the last quarter. Larson Financial Group LLC boosted its stake 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 buying an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in 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 buying an additional 800 shares during the last quarter. Finally, SHP Wealth Management purchased a new stake in Ouster in the 4th quarter valued at $96,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Wall Street Analyst Weigh In

OUST has been the topic of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.