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

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 5,837 shares of the firm’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $31.02, for a total value of $181,063.74. Following the completion of the transaction, the general counsel owned 197,199 shares of the company’s stock, valued at approximately $6,117,112.98. This represents a 2.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, September 12th, Megan Chung sold 17,183 shares of Ouster stock. The shares were sold at an average price of $28.46, for a total value of $489,028.18.

Ouster Stock Up 3.3%

Shares of OUST stock opened at $31.56 on Wednesday. Ouster, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $41.65. The stock has a market cap of $1.82 billion, a P/E ratio of -12.28 and a beta of 2.72. The business has a fifty day simple moving average of $30.49 and a 200-day simple moving average of $21.36.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OUST shares. Westpark Capital upgraded Ouster from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Zacks Research cut Ouster from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.95.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OUST. GAMMA Investing LLC increased its position in Ouster by 9,703.8% during the 1st quarter. GAMMA Investing LLC now owns 15,392 shares of the company’s stock worth $138,000 after purchasing an additional 15,235 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Ouster in the 1st quarter valued at about $97,000. Bank of New York Mellon Corp grew its holdings in Ouster by 4.9% in 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 holdings in Ouster by 1,094.9% in the 1st quarter. CWM LLC now owns 11,591 shares of the company’s stock valued at $104,000 after buying an additional 10,621 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Ouster in the 1st quarter valued at about $566,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

About Ouster

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.