Ouster (NYSE:OUST) Director Stephen Skaggs Sells 5,000 Shares

Ouster, Inc. (NYSE:OUST) Director Stephen Skaggs sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $28.00, for a total transaction of $140,000.00. Following the completion of the transaction, the director owned 66,690 shares in the company, valued at $1,867,320. This represents a 6.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ouster Price Performance

OUST stock traded up $0.15 during mid-day trading on Wednesday, reaching $27.76. The company had a trading volume of 2,497,775 shares, compared to its average volume of 1,926,853. The company has a market capitalization of $1.74 billion, a PE ratio of -10.80 and a beta of 2.98. The firm has a 50 day moving average of $20.79 and a 200 day moving average of $23.80. Ouster, Inc. has a 12 month low of $7.05 and a 12 month high of $41.65.

Hedge Funds Weigh In On Ouster

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Banque Cantonale Vaudoise boosted its stake in shares of Ouster by 67.5% during the first quarter. Banque Cantonale Vaudoise now owns 7,295 shares of the company’s stock valued at $134,000 after purchasing an additional 2,940 shares in the last quarter. Diversified Trust Co lifted its position in Ouster by 22.9% during the first quarter. Diversified Trust Co now owns 12,701 shares of the company’s stock valued at $233,000 after acquiring an additional 2,365 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in Ouster during the fourth quarter valued at approximately $246,000. SHP Wealth Management purchased a new stake in Ouster during the fourth quarter valued at approximately $96,000. Finally, Invesco Ltd. lifted its position in Ouster by 17.8% during the fourth quarter. Invesco Ltd. now owns 74,739 shares of the company’s stock valued at $1,617,000 after acquiring an additional 11,281 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OUST has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Oppenheimer reiterated an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

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.