Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung Sells 5,800 Shares

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 5,800 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following the transaction, the general counsel now owns 220,762 shares in the company, valued at approximately $2,481,364.88. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ouster Stock Down 4.4 %

OUST stock traded down $0.44 during midday trading on Friday, hitting $9.54. 1,236,035 shares of the company traded hands, compared to its average volume of 1,345,497. Ouster, Inc. has a twelve month low of $5.84 and a twelve month high of $16.88. The stock has a market capitalization of $474.82 million, a price-to-earnings ratio of -3.71 and a beta of 2.38. The business has a 50 day simple moving average of $9.38 and a 200-day simple moving average of $9.05.

Wall Street Analyst Weigh In

A number of brokerages have commented on OUST. Oppenheimer initiated coverage on Ouster in a research note on Thursday. They issued an “outperform” rating and a $16.00 target price on the stock. Westpark Capital began coverage on Ouster in a research note on Monday, March 17th. They issued a “hold” rating for the company. Northland Securities assumed coverage on shares of Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective on the stock. Cantor Fitzgerald lifted their target price on shares of Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $17.00 price target on shares of Ouster in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in Ouster during the 3rd quarter worth $81,000. Daiwa Securities Group Inc. increased its stake in shares of Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after purchasing an additional 1,063 shares during the period. AlphaQuest LLC lifted its position in shares of Ouster by 916.0% during the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock worth $101,000 after purchasing an additional 7,456 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in Ouster during the 4th quarter valued at approximately $154,000. Finally, SVB Wealth LLC acquired a new stake in Ouster in the 4th quarter valued at approximately $163,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

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.