Key Points
- Director Ted Tewksbury III sold 1,695 shares on Nov. 11 at an average price of $25.38 for total proceeds of $43,019, and now directly owns 125,359 shares after a 1.33% reduction in his position.
- Ouster shares fell about 5.1% to $23.16 mid-day (volume 646,545 vs. average 2.36M), with a market cap of $1.34B, a 50‑day SMA of $30.28 and a 200‑day SMA of $24.01, and a negative P/E of -9.03.
- Analysts have an overall "Buy" consensus with a $32.17 average price target (ratings: 1 Strong Buy, 5 Buy, 1 Hold) and firm targets ranging roughly $33–$50 from recent reports.
Ouster, Inc. (NYSE:OUST - Get Free Report) Director Ted Tewksbury III sold 1,695 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $3,181,611.42. This trade represents a 1.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Ouster Stock Down 5.1%
NYSE OUST traded down $1.25 during mid-day trading on Thursday, hitting $23.16. The stock had a trading volume of 646,545 shares, compared to its average volume of 2,359,059. The company has a 50 day simple moving average of $30.28 and a 200 day simple moving average of $24.01. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -9.03 and a beta of 2.74. Ouster, Inc. has a 52-week low of $6.34 and a 52-week high of $41.65.
Analyst Ratings Changes
A number of brokerages recently commented on OUST. Cantor Fitzgerald set a $33.00 price objective on shares of Ouster in a research note on Thursday, November 6th. Zacks Research cut shares of Ouster from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 13th. Oppenheimer restated an "outperform" rating and set a $39.00 price objective on shares of Ouster in a research report on Wednesday, November 5th. Westpark Capital reiterated a "buy" rating and set a $50.00 target price on shares of Ouster in a report on Wednesday, November 5th. Finally, Northland Securities set a $38.00 price target on shares of Ouster in a research note on Wednesday, November 5th. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $32.17.
Read Our Latest Stock Report on OUST
Institutional Trading of Ouster
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of Ouster by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 107,005 shares of the company's stock valued at $961,000 after buying an additional 5,046 shares during the period. CWM LLC grew its position in Ouster by 1,094.9% in the first quarter. CWM LLC now owns 11,591 shares of the company's stock valued at $104,000 after acquiring an additional 10,621 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Ouster during the first quarter valued at approximately $566,000. Vanguard Group Inc. lifted its position in shares of Ouster by 5.3% during the first quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company's stock worth $34,354,000 after purchasing an additional 190,885 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Ouster by 9.5% during the first quarter. Deutsche Bank AG now owns 34,088 shares of the company's stock worth $306,000 after purchasing an additional 2,951 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.
About Ouster
(
Get Free Report)
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.
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