Ouster (NASDAQ:OUST) Director Ted Tewksbury III Sells 1,695 Shares

Ouster, Inc. (NASDAQ:OUST) Director Ted Tewksbury III sold 1,695 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $47.00, for a total value of $79,665.00. Following the completion of the sale, the director owned 124,999 shares in the company, valued at approximately $5,874,953. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ouster Price Performance

OUST stock opened at $47.68 on Tuesday. Ouster, Inc. has a one year low of $16.40 and a one year high of $51.50. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -49.15 and a beta of 3.24. The company has a fifty day moving average price of $34.22 and a two-hundred day moving average price of $26.28.

Ouster (NASDAQ:OUST) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The company had revenue of $48.58 million during the quarter, compared to the consensus estimate of $46.15 million. Ouster had a negative net margin of 30.12% and a negative return on equity of 21.49%. During the same period in the previous year, the company earned ($0.42) earnings per share. Research analysts anticipate that Ouster, Inc. will post -1.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Roth Mkm began coverage on Ouster in a research note on Friday, May 29th. They set a “buy” rating and a $75.00 target price on the stock. Rosenblatt Securities lifted their price target on Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings initiated coverage on Ouster in a research note on Friday, May 15th. They issued a “sell (d-)” rating for the company. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ouster presently has a consensus rating of “Hold” and an average target price of $48.17.

Institutional Investors Weigh In On Ouster

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in shares of Ouster by 2,532.6% in the 2nd 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. Larson Financial Group LLC raised its holdings in shares of Ouster by 118.8% during the 4th 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 in the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in shares of Ouster by 38.1% during the 3rd 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. SHP Wealth Management bought a new stake in shares of Ouster during the 4th quarter worth $96,000. Finally, Van ECK Associates Corp boosted its stake in Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after buying an additional 525 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors.

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.