Ouster (NYSE:OUST) General Counsel Sells $158,999.88 in Stock

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 5,837 shares of Ouster stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $27.24, for a total transaction of $158,999.88. Following the completion of the transaction, the general counsel owned 183,141 shares in the company, valued at approximately $4,988,760.84. This trade represents a 3.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ouster Stock Performance

Shares of NYSE:OUST traded up $0.79 during midday trading on Wednesday, reaching $25.29. The company had a trading volume of 2,390,737 shares, compared to its average volume of 2,036,792. The company has a fifty day simple moving average of $23.55 and a two-hundred day simple moving average of $27.09. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -9.84 and a beta of 2.93. Ouster, Inc. has a 1-year low of $6.34 and a 1-year high of $41.65.

Institutional Investors Weigh In On Ouster

Several hedge funds have recently modified their holdings of the business. Invesco Ltd. boosted its holdings in Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after purchasing an additional 536,413 shares during the period. Vanguard Group Inc. raised its position in shares of Ouster by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after buying an additional 478,372 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Ouster in the third quarter valued at about $9,193,000. Algert Global LLC grew its position in Ouster by 192.6% during the third quarter. Algert Global LLC now owns 500,902 shares of the company’s stock worth $13,549,000 after buying an additional 329,735 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in Ouster by 1,419.5% during the third quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock worth $8,385,000 after buying an additional 289,790 shares in the last quarter. 31.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OUST shares. Westpark Capital reiterated a “buy” rating and issued a $50.00 price objective on shares of Ouster in a research note on Wednesday, November 5th. Cantor Fitzgerald set a $33.00 price target on shares of Ouster in a report on Thursday, November 6th. Oppenheimer reiterated an “outperform” rating on shares of Ouster in a report on Thursday, December 4th. Northland Securities set a $38.00 target price on Ouster in a research note on Wednesday, November 5th. Finally, Zacks Research lowered Ouster from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.17.

About Ouster

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.