Insider Selling: Ouster, Inc. (NYSE:OUST) General Counsel Sells 13,671 Shares of Stock

Ouster, Inc. (NYSE:OUST) General Counsel Megan Chung sold 13,671 shares of Ouster stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $132,471.99. Following the transaction, the general counsel now owns 149,647 shares of the company’s stock, valued at $1,450,079.43. This represents a 8.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ouster Price Performance

OUST opened at $10.38 on Thursday. Ouster, Inc. has a 12 month low of $4.65 and a 12 month high of $16.88. The business has a 50-day moving average of $8.60 and a two-hundred day moving average of $9.18. The stock has a market capitalization of $516.62 million, a price-to-earnings ratio of -4.04 and a beta of 2.50.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OUST. Northland Securities began coverage on Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Friday, November 8th. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $12.00 to $10.00 in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $13.17.

Institutional Investors Weigh In On Ouster

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its stake in Ouster by 783.0% during the second quarter. SG Americas Securities LLC now owns 99,063 shares of the company’s stock worth $974,000 after purchasing an additional 87,844 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Ouster in the 2nd quarter worth $1,305,000. Van ECK Associates Corp acquired a new position in Ouster in the second quarter valued at $56,000. Fairhaven Wealth Management LLC acquired a new stake in Ouster during the second quarter worth about $131,000. Finally, Rhumbline Advisers purchased a new position in shares of Ouster in the 2nd quarter worth about $598,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.