Ouster (NYSE:OUST) General Counsel Megan Chung Sells 5,837 Shares

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 5,837 shares of Ouster stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $24.70, for a total transaction of $144,173.90. Following the sale, the general counsel owned 213,836 shares of the company’s stock, valued at approximately $5,281,749.20. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, March 12th, Megan Chung sold 9,593 shares of Ouster stock. The shares were sold at an average price of $23.43, for a total transaction of $224,763.99.

Ouster Price Performance

OUST stock traded up $0.09 during midday trading on Friday, hitting $24.26. The stock had a trading volume of 1,622,926 shares, compared to its average volume of 1,869,671. The company’s 50-day moving average price is $20.24 and its 200 day moving average price is $23.87. The firm has a market cap of $1.52 billion, a PE ratio of -9.44 and a beta of 2.98. Ouster, Inc. has a 12-month low of $6.58 and a 12-month high of $41.65.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OUST. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Ouster has an average rating of “Moderate Buy” and an average target price of $40.20.

Institutional Trading of Ouster

Several institutional investors have recently made changes to their positions in OUST. AQR Capital Management LLC increased its holdings in shares of Ouster by 610.1% during the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock worth $2,661,000 after buying an additional 254,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ouster by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock valued at $255,000 after acquiring an additional 2,037 shares during the last quarter. Legal & General Group Plc grew its position in Ouster by 138.2% during the second quarter. Legal & General Group Plc now owns 9,990 shares of the company’s stock valued at $242,000 after acquiring an additional 5,796 shares during the period. American Century Companies Inc. grew its position in Ouster by 22.0% during the second quarter. American Century Companies Inc. now owns 63,298 shares of the company’s stock valued at $1,535,000 after acquiring an additional 11,416 shares during the period. Finally, Invesco Ltd. increased its stake in Ouster by 1,521.8% during the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after acquiring an additional 536,413 shares during the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

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.