Stephen Skaggs Sells 5,000 Shares of Ouster (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) Director Stephen Skaggs sold 5,000 shares of Ouster stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $28.00, for a total transaction of $140,000.00. Following the completion of the sale, the director owned 66,690 shares of the company’s stock, valued at $1,867,320. This trade represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ouster Stock Performance

Shares of OUST stock opened at $26.41 on Friday. Ouster, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $41.65. The firm has a market capitalization of $1.66 billion, a PE ratio of -10.28 and a beta of 2.98. The stock’s 50-day simple moving average is $20.96 and its 200-day simple moving average is $23.82.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Rosenblatt Securities reissued a “buy” rating and set 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 assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently modified their holdings of OUST. NewEdge Advisors LLC boosted its position in shares of Ouster by 2,532.6% during the 2nd 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 period. Larson Financial Group LLC raised its position in Ouster by 118.8% in the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after purchasing an additional 1,067 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its holdings in Ouster by 38.1% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after acquiring an additional 800 shares in the last quarter. SHP Wealth Management acquired a new position in shares of Ouster during the fourth quarter worth $96,000. Finally, Van ECK Associates Corp boosted its position in shares of Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after acquiring an additional 525 shares in the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.