Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung Sells 2,644 Shares

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 2,644 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $6.16, for a total transaction of $16,287.04. Following the completion of the transaction, the general counsel now directly owns 160,707 shares of the company’s stock, valued at approximately $989,955.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ouster Stock Performance

NYSE:OUST traded down $0.38 during mid-day trading on Monday, hitting $6.28. The company’s stock had a trading volume of 1,134,114 shares, compared to its average volume of 1,175,861. Ouster, Inc. has a 1 year low of $3.67 and a 1 year high of $16.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.40 and a quick ratio of 3.14. The stock has a market cap of $283.79 million, a price-to-earnings ratio of -1.12 and a beta of 2.37. The business’s fifty day moving average is $10.09 and its two-hundred day moving average is $9.42.

Ouster (NYSE:OUST) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.53) EPS for the quarter. Ouster had a negative net margin of 122.32% and a negative return on equity of 68.48%. The business had revenue of $26.99 million during the quarter. Analysts anticipate that Ouster, Inc. will post -2.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research note on Monday, August 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $12.00 price target on shares of Ouster in a research report on Monday, September 9th. Westpark Capital reaffirmed a “buy” rating and set a $17.00 price target on shares of Ouster in a research report on Monday, August 12th. Finally, Craig Hallum reduced their price target on Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.40.

Institutional Investors Weigh In On Ouster

Several hedge funds have recently added to or reduced their stakes in OUST. Vanguard Group Inc. boosted its stake in shares of Ouster by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock worth $18,491,000 after acquiring an additional 164,360 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Ouster in the 1st quarter valued at about $1,698,000. Susquehanna Fundamental Investments LLC acquired a new stake in Ouster in the 1st quarter valued at about $111,000. SG Americas Securities LLC increased its holdings in shares of Ouster by 783.0% during the 2nd quarter. SG Americas Securities LLC now owns 99,063 shares of the company’s stock worth $974,000 after buying an additional 87,844 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ouster during the 4th quarter worth approximately $103,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

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.