Director Tewksbury Ted L III sale 326,248 shares of Ouster Inc. [OUST]


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ouster Inc. shares valued at $363,310 were sold by Tewksbury Ted L III on Feb 27. At $1.11 per share, Tewksbury Ted L III sold 326,248 shares. The insider’s holdings dropped to 982,998 shares worth approximately $1.05 million following the completion of this transaction.

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Also, Brunelle Anna sold 3,067 shares, netting a total of over 3,382 in proceeds. Following the sale of shares at $1.10 each, the insider now holds 2,320,623 shares.

Before that, SPENCER DARIEN had sold 2,467 shares from its account. In a trade valued at $2,715, the EVP of Global Operations traded Ouster Inc. shares for $1.10 each. Upon closing the transaction, the insider’s holdings decreased to 2,467 shares, worth approximately $1.71 million.

As published in a research note from Citigroup on December 07, 2022, Ouster Inc. [OUST] has been rated down from a Buy to a Neutral and the price target has been revised to $1.70 from $10. This represents a 37.06% premium over Thursday’s closing price. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of October 25, 2022, Rosenblatt has initiated its “Buy” rating for OUST. Earlier on July 25, 2022, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for OUST stock which previously was a “an Overweight”.

Analyzing OUST Stock Performance

On Thursday, Ouster Inc. [NYSE: OUST] plunged -1.83% to $1.07. The stock’s lowest price that day was $1.05, but it reached a high of $1.10 in the same session. During the last five days, there has been a drop of approximately -9.32%. Over the course of the year, Ouster Inc. shares have jumped approximately 23.99%. Shares of the company reached a 52-week high of $1.9200 on 02/03/23 and a 52-week low of $0.8582 on 01/06/23. A 50-day SMA is recorded $1.2243, while a 200-day SMA reached $1.4248. Nevertheless, trading volume fell to 2.29 million shares from 2.68 million shares the previous day.

Support And Resistance Levels for Ouster Inc. (OUST)

According to the 24-hour chart, there is a support level at 1.0467, which, if violated, would cause prices to drop to 1.0233. In the upper region, resistance lies at 1.0967. The next price resistance is at 1.1233. RSI (Relative Strength Index) is 39.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1657, which suggests the price will decrease in the coming days. Percent R is at 96.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Ouster Inc. subject to short interest?

Stocks of Ouster Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by -1.24 million shares to 6.91 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 8.15 million shares. A decline of -17.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.56 of the overall float, the days-to-cover ratio (short ratio) decline to 6.56.

Which companies own the most shares of Ouster Inc. (OUST)?

According to BlackRock Fund Advisors filings, the company currently owns 7,779,430 shares, which is about 4.22% of the total OUST shares outstanding. The investor’s shares have appreciated by 280,432 from its previous 13-F filing of 7498998.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $10,443,625. SSgA Funds Management, Inc. acquire a 2.55% interest valued at $6.72 million while Penn Capital Management Co., Inc. purchased a 686,417 stake. A total of 465,061 shares of Ouster Inc. were bought by New York State Common Retirement during the quarter, and 139,449 were bought by Geode Capital Management LLC. In its current portfolio, Mitsubishi UFJ Kokusai Asset Mana holds 1,523,880 shares valued at $2.18 million.


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