Ouster, Inc. (NYSE:OUST) General Counsel Sells $132,471.99 in Stock

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 13,671 shares of Ouster stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $132,471.99. Following the sale, the general counsel now directly owns 149,647 shares of the company’s stock, valued at approximately $1,450,079.43. This represents a 8.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ouster Stock Performance

NYSE OUST traded up $0.29 during mid-day trading on Monday, reaching $9.37. 1,079,464 shares of the stock were exchanged, compared to its average volume of 1,163,512. The company has a market capitalization of $466.35 million, a P/E ratio of -3.65 and a beta of 2.50. The business’s 50 day moving average is $8.43 and its 200-day moving average is $9.17. Ouster, Inc. has a 1 year low of $4.65 and a 1 year high of $16.88.

Institutional Investors Weigh In On Ouster

Several hedge funds have recently modified their holdings of OUST. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Ouster during the 2nd quarter worth approximately $27,000. Van ECK Associates Corp purchased a new stake in Ouster in the 2nd quarter worth $56,000. Ballentine Partners LLC acquired a new position in Ouster during the second quarter worth $101,000. Stoneridge Investment Partners LLC purchased a new position in Ouster during the third quarter valued at $67,000. Finally, True North Advisors LLC purchased a new position in Ouster during the third quarter valued at $78,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OUST has been the subject of a number of research reports. Northland Securities initiated coverage on Ouster in a report on Thursday. They set an “outperform” rating and a $14.00 target price for the company. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a report on Thursday. Cantor Fitzgerald upgraded shares of Ouster from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $12.00 to $10.00 in a research report on Monday, November 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Ouster in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ouster has a consensus rating of “Buy” and a consensus target price of $13.17.

Ouster Company Profile

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.