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

Key Points

• Megan Chung, General Counsel of Ouster, Inc., sold 5,837 shares at an average price of $31.02, totaling approximately $181,063.74, which reduced her ownership stake by 2.87% to 197,199 shares.
• The stock of Ouster (NYSE: OUST) recently traded at $30.54, with a market capitalization of $1.77 billion, experiencing a 12-month trading range between $6.34 and $41.65.
• Hedge fund activity has increased in Ouster, with notable investments from firms like Invesco and Vanguard, leading to 31.45% of the company's stock being held by institutional investors.

Ouster, Inc. (NYSE:OUST - Get Free Report) General Counsel Megan Chung sold 5,837 shares of the company's stock in a transaction dated 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 directly owned 197,199 shares in the company, valued at $6,117,112.98. This trade represents a 2.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 Price Performance

Shares of NYSE OUST traded up $0.96 on Monday, hitting $30.54. The company's stock had a trading volume of 2,057,911 shares, compared to its average volume of 2,306,909. Ouster, Inc. has a 12-month low of $6.34 and a 12-month high of $41.65. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -11.88 and a beta of 2.72. The stock has a 50 day moving average of $30.38 and a 200-day moving average of $21.13.

Hedge Funds Weigh In On Ouster

A number of large investors have recently bought and sold shares of the stock. Invesco Ltd. increased its position in shares of Ouster by 1,521.8% in the second quarter. Invesco Ltd. now owns 571,662 shares of the company's stock worth $13,863,000 after acquiring an additional 536,413 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Ouster by 610.1% in the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company's stock worth $2,661,000 after acquiring an additional 254,580 shares in the last quarter. HRT Financial LP acquired a new stake in shares of Ouster in the second quarter worth $5,683,000. Herald Investment Management Ltd acquired a new stake in shares of Ouster in the first quarter worth $1,794,000. Finally, Vanguard Group Inc. increased its position in shares of Ouster by 5.3% in the first quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company's stock worth $34,354,000 after acquiring an additional 190,885 shares in the last quarter. Hedge funds and other institutional investors own 31.45% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on OUST shares. Zacks Research downgraded shares of Ouster from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 13th. Westpark Capital raised shares of Ouster from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.95.

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.

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