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 stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total transaction of $224,763.99. Following the completion of the sale, the general counsel directly owned 173,548 shares of the company’s stock, valued at $4,066,229.64. The trade was a 5.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $158,999.88.

Ouster Stock Performance

Shares of NYSE:OUST traded down $0.17 during midday trading on Monday, hitting $21.30. 1,438,473 shares of the company’s stock traded hands, compared to its average volume of 1,985,579. The firm’s fifty day moving average price is $22.25 and its two-hundred day moving average price is $25.38. Ouster, Inc. has a twelve month low of $6.34 and a twelve month high of $41.65. The company has a market cap of $1.28 billion, a PE ratio of -8.29 and a beta of 2.91.

Institutional Investors Weigh In On Ouster

A number of hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its position in shares of Ouster by 610.1% in the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after purchasing an additional 254,580 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ouster by 7.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock worth $255,000 after buying an additional 2,037 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ouster by 8.7% in the second quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company’s stock worth $28,876,000 after buying an additional 95,510 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Ouster by 40.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 12,242 shares of the company’s stock worth $297,000 after buying an additional 3,543 shares during the last quarter. Finally, Creative Planning raised its holdings in Ouster by 13.6% in the second quarter. Creative Planning now owns 43,004 shares of the company’s stock valued at $1,043,000 after acquiring an additional 5,135 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on OUST. Oppenheimer reiterated an “outperform” rating and set a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities reissued a “buy” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.17.

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.