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

Ouster, Inc. (NYSE:OUST - Get Free Report) General Counsel Megan Chung sold 5,800 shares of the stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the sale, the general counsel now directly owns 220,762 shares in the company, valued at $2,481,364.88. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ouster Stock Down 2.7 %

Shares of OUST traded down $0.24 during trading hours on Tuesday, reaching $8.74. 867,337 shares of the company traded hands, compared to its average volume of 1,301,006. The business has a fifty day moving average price of $9.32 and a 200-day moving average price of $9.13. Ouster, Inc. has a 12-month low of $5.84 and a 12-month high of $16.88. The stock has a market capitalization of $435.00 million, a P/E ratio of -3.40 and a beta of 2.38.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC boosted its position in Ouster by 146.2% in the fourth quarter. Squarepoint Ops LLC now owns 127,082 shares of the company's stock valued at $1,553,000 after buying an additional 75,470 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Ouster by 52.4% in the 4th quarter. ProShare Advisors LLC now owns 21,136 shares of the company's stock valued at $258,000 after acquiring an additional 7,267 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ouster by 10.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company's stock worth $321,000 after acquiring an additional 2,542 shares during the period. Graham Capital Management L.P. raised its holdings in shares of Ouster by 10.1% during the fourth quarter. Graham Capital Management L.P. now owns 63,228 shares of the company's stock worth $773,000 after purchasing an additional 5,787 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Ouster by 30.8% during the fourth quarter. Deutsche Bank AG now owns 31,137 shares of the company's stock valued at $380,000 after purchasing an additional 7,329 shares during the period. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have commented on the stock. Westpark Capital assumed coverage on shares of Ouster in a research report on Monday, March 17th. They set a "hold" rating for the company. Northland Securities assumed coverage on shares of Ouster in a research report on Thursday, December 12th. They set an "outperform" rating and a $14.00 target price for the company. Oppenheimer initiated coverage on shares of Ouster in a report on Thursday, March 27th. They issued an "outperform" rating and a $16.00 price target on the stock. Cantor Fitzgerald increased their price objective on Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Finally, Northland Capmk raised Ouster to a "strong-buy" rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.71.

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.