Megan Chung Sells 5,800 Shares of Ouster, Inc. (NYSE:OUST) Stock

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

Ouster Trading Down 4.4 %

Shares of NYSE OUST opened at $9.54 on Friday. Ouster, Inc. has a 12-month low of $5.84 and a 12-month high of $16.88. The stock has a market capitalization of $474.82 million, a PE ratio of -3.71 and a beta of 2.38. The stock’s fifty day simple moving average is $9.36 and its two-hundred day simple moving average is $9.09.

Analyst Ratings Changes

Several research firms have recently weighed in on OUST. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Friday, March 21st. Northland Securities initiated coverage on shares of Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective for the company. Oppenheimer initiated coverage on shares of Ouster in a research note on Thursday. They issued an “outperform” rating and a $16.00 target price on the stock. Northland Capmk upgraded Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Finally, Westpark Capital initiated coverage on Ouster in a report on Monday, March 17th. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ouster currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.71.

Institutional Investors Weigh In On Ouster

Several institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its holdings in shares of Ouster by 18.0% during 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 last quarter. Bank of New York Mellon Corp raised its stake in shares of Ouster by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company’s stock valued at $1,246,000 after buying an additional 1,074 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Ouster by 7.3% in the 4th quarter. Invesco Ltd. now owns 20,575 shares of the company’s stock valued at $251,000 after buying an additional 1,391 shares during the period. Fox Run Management L.L.C. lifted its holdings in shares of Ouster by 4.9% in the 4th quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company’s stock valued at $385,000 after buying an additional 1,463 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ouster by 10.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company’s stock worth $321,000 after acquiring an additional 2,542 shares during the period. 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.