Insider Selling: Ouster, Inc. (NYSE:OUST) General Counsel Sells 5,800 Shares of Stock

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 5,800 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total transaction of $65,192.00. Following the transaction, the general counsel now directly owns 220,762 shares of the company’s stock, valued at approximately $2,481,364.88. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ouster Price Performance

OUST stock opened at $9.54 on Friday. The company’s 50 day simple moving average is $9.36 and its 200-day simple moving average is $9.07. Ouster, Inc. has a 52-week low of $5.84 and a 52-week high of $16.88. The firm has a market capitalization of $474.82 million, a P/E ratio of -3.71 and a beta of 2.38.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price target on shares of Ouster in a report on Friday, March 21st. Oppenheimer started coverage on shares of Ouster in a research note on Thursday. They issued an “outperform” rating and a $16.00 target price for the company. Westpark Capital initiated coverage on shares of Ouster in a research note on Monday, March 17th. They set a “hold” rating on the stock. Cantor Fitzgerald upped their price objective on shares of Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Finally, Northland Securities started coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ouster has a consensus rating of “Moderate Buy” and an average target price of $13.71.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Ouster by 280.6% during the 3rd quarter. Barclays PLC now owns 57,330 shares of the company’s stock worth $361,000 after acquiring an additional 42,267 shares during the period. Geode Capital Management LLC grew its holdings in shares of Ouster by 6.8% during the third quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock worth $6,146,000 after purchasing an additional 62,202 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ouster by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 367,388 shares of the company’s stock worth $4,489,000 after buying an additional 10,981 shares in the last quarter. Stifel Financial Corp boosted its holdings in Ouster by 286.7% in the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock valued at $376,000 after acquiring an additional 44,275 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Ouster by 2.4% in the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after purchasing an additional 37,926 shares during the period. Institutional investors 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.