Insider Selling: Ouster (NYSE:OUST) Director Sells $36,391.65 in Stock

Ouster, Inc. (NYSE:OUST) Director Ted Tewksbury III sold 1,695 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $21.47, for a total transaction of $36,391.65. Following the sale, the director owned 123,664 shares of the company’s stock, valued at approximately $2,655,066.08. This represents a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ouster Stock Performance

OUST traded down $0.27 on Tuesday, reaching $22.65. The company had a trading volume of 1,287,177 shares, compared to its average volume of 2,309,785. The company’s fifty day moving average is $26.21 and its 200 day moving average is $26.53. The stock has a market cap of $1.36 billion, a P/E ratio of -8.81 and a beta of 2.99. Ouster, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $41.65.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in 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 purchasing an additional 1,089 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Ouster by 153.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock worth $29,000 after buying an additional 733 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Ouster by 8,823.5% during the 2nd 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 during the last quarter. Game Plan Financial Advisors LLC boosted its stake in Ouster by 400.0% in the second quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company’s stock valued at $73,000 after buying an additional 2,400 shares in the last quarter. Finally, North Capital Inc. boosted its stake in Ouster by 102.7% in the second quarter. North Capital Inc. now owns 3,000 shares of the company’s stock valued at $73,000 after buying an additional 1,520 shares in the last quarter. 31.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on OUST. Cantor Fitzgerald set a $33.00 price target on Ouster in a research note on Thursday, November 6th. Oppenheimer reissued an “outperform” rating on shares of Ouster in a report on Thursday, December 4th. Northland Securities set a $38.00 price target on shares of Ouster in a research note on Wednesday, November 5th. Westpark Capital reaffirmed a “buy” rating and set a $50.00 price target on shares of Ouster in a research report on Wednesday, November 5th. Finally, Zacks Research downgraded shares of Ouster from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Ouster presently has an average rating of “Moderate Buy” and an average target price of $32.17.

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.