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.

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.