Insider Selling: Ouster (NYSE:OUST) Director Sells $33,900.00 in Stock

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

Ouster Trading Down 1.7%

Shares of OUST stock opened at $20.22 on Thursday. The company has a market capitalization of $1.21 billion, a P/E ratio of -7.87 and a beta of 2.91. The business’s 50 day moving average is $21.30 and its two-hundred day moving average is $24.98. Ouster, Inc. has a twelve month low of $6.34 and a twelve month high of $41.65.

Institutional Trading of Ouster

A number of institutional investors have recently modified their holdings of OUST. Invesco Ltd. lifted its holdings in Ouster by 1,521.8% in the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after acquiring an additional 536,413 shares during the period. Vanguard Group Inc. grew its stake in shares of Ouster by 11.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock worth $127,683,000 after purchasing an additional 478,372 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Ouster by 130.7% during the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after purchasing an additional 405,441 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Ouster in the 3rd quarter valued at about $9,193,000. Finally, Squarepoint Ops LLC increased its holdings in shares of Ouster by 517.5% in the 4th quarter. Squarepoint Ops LLC now owns 401,727 shares of the company’s stock valued at $8,693,000 after purchasing an additional 336,673 shares in the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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