Ouster, Inc. (NYSE:OUST) General Counsel Sells $65,192.00 in Stock

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 5,800 shares of the 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 completion of the sale, the general counsel now directly owns 220,762 shares of the company’s stock, valued at approximately $2,481,364.88. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ouster Stock Down 4.4 %

Ouster stock traded down $0.44 during mid-day trading on Friday, hitting $9.54. 1,236,035 shares of the company were exchanged, compared to its average volume of 1,345,497. Ouster, Inc. has a 1-year low of $5.84 and a 1-year high of $16.88. The business has a fifty day moving average of $9.38 and a 200 day moving average of $9.05. The company has a market capitalization of $474.82 million, a PE ratio of -3.71 and a beta of 2.38.

Institutional Investors Weigh In On Ouster

A number of hedge funds have recently made changes to their positions in OUST. Daiwa Securities Group Inc. grew its stake in 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 buying an additional 1,063 shares during the last quarter. AlphaQuest LLC increased its holdings in Ouster by 916.0% during the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after purchasing an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in Ouster in the 4th quarter valued at $154,000. Intech Investment Management LLC acquired a new stake in shares of Ouster in the third quarter valued at $81,000. Finally, SVB Wealth LLC bought a new position in shares of Ouster in the fourth quarter valued at about $163,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st. Northland Securities began coverage on Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target for the company. Westpark Capital initiated coverage on Ouster in a report on Monday, March 17th. They set a “hold” rating on the stock. Cantor Fitzgerald boosted their price objective on Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Finally, Northland Capmk raised Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.71.

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.