Ouster (NYSE:OUST) General Counsel Megan Chung Sells 5,837 Shares of Stock

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 5,837 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $27.24, for a total value of $158,999.88. Following the completion of the transaction, the general counsel directly owned 183,141 shares in the company, valued at approximately $4,988,760.84. This represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ouster Stock Performance

OUST stock opened at $25.29 on Thursday. Ouster, Inc. has a one year low of $6.34 and a one year high of $41.65. The company’s fifty day moving average price is $23.56 and its 200-day moving average price is $27.08. The company has a market capitalization of $1.52 billion, a PE ratio of -9.84 and a beta of 2.93.

Institutional Trading of Ouster

A number of institutional investors have recently bought and sold shares of OUST. NewEdge Advisors LLC increased its position in Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after acquiring an additional 1,089 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Ouster by 153.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock worth $29,000 after purchasing an additional 733 shares during the period. TD Waterhouse Canada Inc. grew its holdings in Ouster by 8,823.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock valued at $37,000 after purchasing an additional 1,500 shares during the last quarter. Gordian Capital Singapore Pte Ltd raised its position in Ouster by 38.1% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after purchasing an additional 800 shares during the period. Finally, North Capital Inc. lifted its stake in Ouster by 102.7% in the second quarter. North Capital Inc. now owns 3,000 shares of the company’s stock worth $73,000 after purchasing an additional 1,520 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Ouster Company Profile

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.