Key Points
- CEO Charles Angus Pacala sold 24,657 shares on March 12 at an average price of $23.43 for roughly $577,713, trimming his stake by 2.5% to 960,660 shares valued at about $22.5 million.
- OUST shares opened at $21.30, trade with a market cap of $1.28 billion and a negative P/E of -8.29, and have a one-year range of $6.34–$41.65 with 50/200-day moving averages of $22.18 and $25.31, indicating recent volatility.
- Analysts are mostly positive with a consensus "Moderate Buy" (four Buys, one Hold) and an average price target of $36.17, while institutional investors own about 31.45% of the company and several funds recently added or increased positions.
Ouster, Inc. (NYSE:OUST - Get Free Report) General Counsel Megan Chung sold 9,593 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $23.43, for a total transaction of $224,763.99. Following the completion of the sale, the general counsel owned 173,548 shares of the company's stock, valued at approximately $4,066,229.64. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Megan Chung also recently made the following trade(s):
- On Friday, January 16th, Megan Chung sold 5,837 shares of Ouster stock. The shares were sold at an average price of $27.24, for a total value of $158,999.88.
Ouster Stock Down 0.8%
Ouster stock opened at $21.30 on Tuesday. The business has a 50 day moving average price of $22.18 and a two-hundred day moving average price of $25.31. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -8.29 and a beta of 2.91. Ouster, Inc. has a 12 month low of $6.34 and a 12 month high of $41.65.
Institutional Investors Weigh In On Ouster
Institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC bought a new stake in shares of Ouster in the 4th quarter valued at approximately $246,000. SHP Wealth Management acquired a new position in shares of Ouster in the 4th quarter worth approximately $96,000. Invesco Ltd. lifted its position in shares of Ouster by 17.8% during the 4th quarter. Invesco Ltd. now owns 74,739 shares of the company's stock worth $1,617,000 after buying an additional 11,281 shares during the period. Empowered Funds LLC acquired a new stake in Ouster in the 4th quarter valued at $247,000. Finally, Quadrature Capital Ltd acquired a new stake in Ouster in the 4th quarter valued at $323,000. 31.45% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
OUST has been the subject of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Oppenheimer reiterated an "outperform" rating and set a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.17.
Get Our Latest Research Report on Ouster
Ouster Company Profile
(
Get Free Report)
Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.
The company's core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.
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