Insider Selling: Ouster (NYSE:OUST) Director Sells 1,695 Shares of Stock

Ouster, Inc. (NYSE:OUST) Director Ted Tewksbury III sold 1,695 shares of the firm’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 completion of the transaction, the director directly owned 121,969 shares in the company, valued at $2,439,380. The trade was 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 hyperlink.

Ouster Price Performance

OUST traded up $1.13 on Monday, hitting $21.18. The company had a trading volume of 1,632,684 shares, compared to its average volume of 1,962,645. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -8.24 and a beta of 2.91. The company’s fifty day moving average price is $21.70 and its 200 day moving average price is $25.11. Ouster, Inc. has a 1-year low of $6.34 and a 1-year high of $41.65.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OUST. Vanguard Group Inc. increased its position in Ouster by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock worth $127,683,000 after buying an additional 478,372 shares during the period. Geode Capital Management LLC boosted its position in shares of Ouster by 9.1% in the fourth quarter. Geode Capital Management LLC now owns 1,421,130 shares of the company’s stock valued at $30,758,000 after acquiring an additional 118,132 shares during the period. Penn Capital Management Company LLC boosted its position in shares of Ouster by 24.1% in the fourth quarter. Penn Capital Management Company LLC now owns 775,297 shares of the company’s stock valued at $16,817,000 after acquiring an additional 150,337 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Ouster by 130.7% in the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after acquiring an additional 405,441 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Ouster by 29.0% in the second quarter. Marshall Wace LLP now owns 687,260 shares of the company’s stock worth $16,666,000 after acquiring an additional 154,353 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

OUST has been the subject of a number of analyst reports. Oppenheimer restated an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Ouster in a report 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. According to data from MarketBeat, the company has an average 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.