Insider Selling: Ouster (NYSE:OUST) General Counsel Sells $224,763.99 in Stock

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 9,593 shares of Ouster stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $23.43, for a total value of $224,763.99. Following the completion of the sale, the general counsel directly owned 173,548 shares of the company’s stock, valued at approximately $4,066,229.64. This represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Megan Chung also recently made the following trade(s):

• On Friday, January 16th, Megan Chung sold 5,837 shares of Ouster stock. The stock was sold at an average price of $27.24, for a total value of $158,999.88.

Ouster Price Performance

NYSE:OUST traded down $0.17 during mid-day trading on Monday, reaching $21.30. The company’s stock had a trading volume of 1,438,473 shares, compared to its average volume of 1,985,579. The company’s fifty day simple moving average is $22.25 and its two-hundred day simple moving average is $25.38. Ouster, Inc. has a twelve month low of $6.34 and a twelve month high of $41.65. The stock has a market cap of $1.28 billion, a P/E ratio of -8.29 and a beta of 2.91.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OUST shares. Oppenheimer reissued an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.17.

Hedge Funds Weigh In On Ouster

A number of large investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in shares of Ouster by 17.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares in the last quarter. Main Management ETF Advisors LLC increased its position in Ouster by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company’s stock worth $1,186,000 after purchasing an additional 560 shares in the last quarter. Corient Private Wealth LLC increased its position in Ouster by 5.5% during the 2nd quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock worth $280,000 after purchasing an additional 599 shares in the last quarter. Prosperity Wealth Management Inc. raised its holdings in Ouster by 5.5% in the third quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock valued at $352,000 after buying an additional 675 shares during the period. Finally, Creative Planning raised its holdings in Ouster by 1.6% in the third quarter. Creative Planning now owns 43,681 shares of the company’s stock valued at $1,182,000 after buying an additional 677 shares during the period. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.