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 business’s stock in a transaction on 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 trade represents a 3.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ouster Stock Up 7.7%

OUST stock opened at $27.24 on Friday. The stock has a market cap of $1.63 billion, a PE ratio of -10.60 and a beta of 2.93. The firm’s 50-day simple moving average is $23.66 and its 200 day simple moving average is $27.08. Ouster, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $41.65.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew 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 acquiring an additional 1,089 shares during the period. Nisa Investment Advisors LLC boosted its position 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 valued at $29,000 after purchasing an additional 733 shares in the last quarter. TD Waterhouse Canada Inc. grew 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 purchasing an additional 1,500 shares during the last quarter. North Capital Inc. grew its stake in shares of Ouster by 102.7% in the 2nd 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. Finally, Game Plan Financial Advisors LLC raised its holdings in shares of Ouster by 400.0% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company’s stock worth $73,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors own 31.45% of the company’s stock.

Wall Street Analyst Weigh In

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