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 that occurred on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total transaction 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 trade represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

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

Ouster Price Performance

NYSE OUST opened at $20.74 on Thursday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -8.07 and a beta of 2.91. Ouster, Inc. has a 1-year low of $6.34 and a 1-year high of $41.65. The business’s fifty day moving average price is $21.99 and its 200-day moving average price is $25.23.

Hedge Funds Weigh In On Ouster

A number of institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted 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 purchasing an additional 1,089 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Ouster by 8,823.5% during the second 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 period. Larson Financial Group LLC increased its position in Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after buying an additional 1,067 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its position in Ouster by 38.1% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after buying an additional 800 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after buying an additional 525 shares during the period. 31.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. 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 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 presently has an average rating of “Moderate Buy” and a consensus target price of $36.17.

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.