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

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

Ouster Price Performance

OUST stock opened at $22.65 on Wednesday. Ouster, Inc. has a 1 year low of $6.34 and a 1 year high of $41.65. The company has a market cap of $1.36 billion, a P/E ratio of -8.81 and a beta of 2.99. The stock’s fifty day moving average price is $25.94 and its 200-day moving average price is $26.59.

Hedge Funds Weigh In On Ouster

Hedge funds and other institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC bought a new position in shares of Ouster during the 2nd quarter valued at about $2,397,000. Handelsbanken Fonder AB purchased a new stake in shares of Ouster in the second quarter worth about $496,000. Invesco Ltd. lifted its position in shares of Ouster by 71.3% in the first quarter. Invesco Ltd. now owns 35,249 shares of the company’s stock worth $317,000 after buying an additional 14,674 shares in the last quarter. Bulltick Wealth Management LLC bought a new position in Ouster during the second quarter valued at approximately $606,000. Finally, Los Angeles Capital Management LLC purchased a new position in Ouster during the 2nd quarter valued at approximately $761,000. Institutional investors own 31.45% of the company’s stock.

Analyst Ratings Changes

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

About Ouster

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.