Ouster (NYSE:OUST) Director Sells $43,019.10 in Stock

Ouster, Inc. (NYSE:OUST) Director Ted Tewksbury III sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $25.38, for a total value of $43,019.10. Following the sale, the director directly owned 125,359 shares of the company’s stock, valued at $3,181,611.42. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ouster Stock Performance

NYSE:OUST opened at $22.05 on Friday. The company has a market capitalization of $1.27 billion, a P/E ratio of -8.58 and a beta of 2.74. The stock’s 50 day moving average price is $30.06 and its 200 day moving average price is $24.10. Ouster, Inc. has a 52 week low of $6.34 and a 52 week high of $41.65.

Analyst Upgrades and Downgrades

OUST has been the topic of a number of recent research reports. Westpark Capital restated a “buy” rating and set a $50.00 price target on shares of Ouster in a report on Wednesday, November 5th. Oppenheimer reissued an “outperform” rating and set a $39.00 target price on shares of Ouster in a research report on Wednesday, November 5th. Cantor Fitzgerald set a $33.00 price target on Ouster in a research report on Thursday, November 6th. Zacks Research downgraded Ouster from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Northland Securities set a $38.00 price objective on Ouster in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $32.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OUST. Bank of New York Mellon Corp boosted its holdings in Ouster by 4.9% during the first quarter. Bank of New York Mellon Corp now owns 107,005 shares of the company’s stock valued at $961,000 after acquiring an additional 5,046 shares during the period. CWM LLC boosted its stake in Ouster by 1,094.9% during the 1st quarter. CWM LLC now owns 11,591 shares of the company’s stock valued at $104,000 after purchasing an additional 10,621 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in Ouster during the 1st quarter valued at approximately $566,000. Vanguard Group Inc. grew its holdings in Ouster by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company’s stock valued at $34,354,000 after buying an additional 190,885 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Ouster by 9.5% in the 1st quarter. Deutsche Bank AG now owns 34,088 shares of the company’s stock worth $306,000 after buying an additional 2,951 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

About Ouster

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.