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

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 5,837 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $31.02, for a total transaction of $181,063.74. Following the completion of the sale, the general counsel owned 197,199 shares in the company, valued at $6,117,112.98. The trade was a 2.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, September 12th, Megan Chung sold 17,183 shares of Ouster stock. The shares were sold at an average price of $28.46, for a total transaction of $489,028.18.

Ouster Trading Up 3.2%

Shares of NYSE:OUST opened at $30.54 on Tuesday. The firm’s 50 day moving average is $30.43 and its two-hundred day moving average is $21.29. Ouster, Inc. has a 52 week low of $6.34 and a 52 week high of $41.65. The firm has a market capitalization of $1.77 billion, a P/E ratio of -11.88 and a beta of 2.72.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OUST shares. Westpark Capital upgraded shares of Ouster from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Zacks Research lowered shares of Ouster from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Ouster has a consensus rating of “Moderate Buy” and a consensus price target of $15.95.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in 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 in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Ouster by 153.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock worth $29,000 after buying an additional 733 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Ouster by 8,823.5% during the second quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock worth $37,000 after buying an additional 1,500 shares in the last quarter. Game Plan Financial Advisors LLC boosted its holdings in Ouster by 400.0% during the second quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company’s stock worth $73,000 after buying an additional 2,400 shares in the last quarter. Finally, North Capital Inc. boosted its holdings in Ouster by 102.7% during the second quarter. North Capital Inc. now owns 3,000 shares of the company’s stock worth $73,000 after buying an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

About Ouster

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.