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 company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $27.24, for a total transaction of $158,999.88. Following the transaction, the general counsel directly owned 183,141 shares of the company’s stock, valued at approximately $4,988,760.84. This represents a 3.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ouster Stock Up 3.2%

Shares of Ouster stock traded up $0.79 during trading hours on Wednesday, hitting $25.29. The company’s stock had a trading volume of 2,390,737 shares, compared to its average volume of 2,036,792. The business has a fifty day moving average of $23.55 and a 200 day moving average of $27.09. Ouster, Inc. has a 1-year low of $6.34 and a 1-year high of $41.65. The company has a market capitalization of $1.52 billion, a PE ratio of -9.84 and a beta of 2.93.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Ouster

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after purchasing an additional 1,089 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Ouster by 153.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock worth $29,000 after buying an additional 733 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Ouster by 8,823.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock worth $37,000 after buying an additional 1,500 shares in the last quarter. North Capital Inc. lifted its holdings in shares of Ouster by 102.7% in the second quarter. North Capital Inc. now owns 3,000 shares of the company’s stock valued at $73,000 after buying an additional 1,520 shares during the period. Finally, Game Plan Financial Advisors LLC boosted its stake in Ouster by 400.0% during the second quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company’s stock valued at $73,000 after buying an additional 2,400 shares in the last quarter. Institutional investors own 31.45% of the company’s stock.

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.