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 Ouster stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the transaction, the general counsel now owns 220,762 shares in the company, valued at $2,481,364.88. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Ouster Price Performance

NYSE:OUST opened at $9.54 on Friday. The company has a market cap of $474.82 million, a price-to-earnings ratio of -3.71 and a beta of 2.38. Ouster, Inc. has a 1 year low of $5.84 and a 1 year high of $16.88. The stock’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $9.09.

Institutional Investors Weigh In On Ouster

Several large investors have recently bought and sold shares of OUST. Intech Investment Management LLC purchased a new stake in shares of Ouster during the 3rd quarter valued at about $81,000. Charles Schwab Investment Management Inc. raised its position in Ouster by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock valued at $2,245,000 after purchasing an additional 34,743 shares during the period. Centiva Capital LP bought a new stake in shares of Ouster in the 3rd quarter valued at approximately $167,000. Stifel Financial Corp boosted its holdings in shares of Ouster by 286.7% in the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after purchasing an additional 44,275 shares during the period. Finally, State Street Corp increased its position in shares of Ouster by 2.4% during the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after purchasing an additional 37,926 shares during the last quarter. Institutional investors own 31.45% of the company’s stock.

Wall Street Analysts Forecast Growth

OUST has been the topic of several recent research reports. Westpark Capital assumed coverage on Ouster in a research note on Monday, March 17th. They issued a “hold” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Ouster in a report on Friday, March 21st. Cantor Fitzgerald increased their price objective on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Northland Securities began coverage on shares of Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, Northland Capmk raised shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.