Megan Chung Sells 9,593 Shares of Ouster (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 9,593 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total value of $224,763.99. Following the sale, the general counsel owned 173,548 shares of the company’s stock, valued at $4,066,229.64. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Megan Chung also recently made the following trade(s):

• On Friday, January 16th, Megan Chung sold 5,837 shares of Ouster stock. The shares were sold at an average price of $27.24, for a total value of $158,999.88.

Ouster Stock Performance

Ouster stock opened at $21.39 on Wednesday. Ouster, Inc. has a 52 week low of $6.34 and a 52 week high of $41.65. The stock has a market capitalization of $1.28 billion, a P/E ratio of -8.32 and a beta of 2.91. The stock has a fifty day moving average of $22.09 and a 200-day moving average of $25.26.

Analyst Ratings Changes

A number of research firms have issued reports on OUST. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Oppenheimer reissued an “outperform” rating and issued a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Ouster currently has an average rating of “Moderate Buy” and an average price target of $36.17.

Institutional Trading of Ouster

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after buying an additional 1,089 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Ouster by 8,823.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock valued at $37,000 after acquiring an additional 1,500 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Ouster by 118.8% during the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after acquiring an additional 1,067 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Ouster by 38.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after acquiring an additional 800 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in Ouster during the 4th quarter worth $96,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Company Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.