Megan Chung Sells Shares of Ouster, Inc.
Ouster's General Counsel, Megan Chung, sold shares worth $437,152 under a pre-arranged plan.
Key Points
- Megan Chung, General Counsel of Ouster, Inc., sold 11,261 shares valued at $437,152 on June 12, 2026.
- Ouster, Inc. trades on NasdaqGS with a market cap of approximately $2.88 billion and a 52-week range of $16.4 to $49.39.
- Analysts maintain a strong buy consensus for Ouster with a mean price target of $46.86, reflecting ongoing confidence.
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Megan Chung, the General Counsel and Secretary of Ouster, Inc. (NasdaqGS: OUST), sold 11,261 shares of the company on June 12, 2026. The transaction, which was planned under a Rule 10b5-1 trading plan, was executed at an average price of $38.82 per share, totaling $437,152.
Insider Buying and Selling at Ouster, Inc.
Megan Chung wasn't the only insider selling shares on June 12, 2026. Ouster's Chief Technology Officer, Mark Frichtl, also sold 18,414 shares, while President and CEO Charles Angus Pacala sold 29,797 shares. These transactions were part of planned sales. Additionally, Chief Operating Officer Darien Spencer and Chief Financial Officer Kenneth Gianella sold 12,559 and 54,337 shares, respectively, under similar plans.
Other Institutional Activity in Ouster, Inc.
Institutional investors have shown varied interest in Ouster. BlackRock, Inc. expanded its holdings by 154,881 shares, reaching a total of 5,290,375 shares valued at approximately $97.18 million. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both significantly increased their positions, adding 2,664,383 and 1,770,252 shares, respectively. State Street Corp also added 51,927 shares, bringing its total to 1,632,666 shares worth about $29.99 million. Meanwhile, Geode Capital Management, LLC increased its stake by 28,978 shares.
Ouster, Inc. Stock Up 30.5%
Shares of Ouster, Inc. are currently trading around $45.18. The company holds a market cap of roughly $2.88 billion. Ouster's stock has seen a 52-week low of $16.4 and a high of $49.39. The stock's 50-day moving average is $31.67, with a 200-day moving average of $26.62. Ouster has a current ratio of 2.98 and a quick ratio of 2.41, indicating strong liquidity, although its debt-to-equity ratio is somewhat high at 6.31.
Recent Earnings
Ouster reported revenue of $185.33 million, showing a growth rate of 48.9%. However, the company reported a net margin of -30.1% and a return on equity of -25.2%, reflecting ongoing profitability challenges. The next earnings report is expected on August 6, 2026.
Analysts Set New Price Targets
Analysts are optimistic about Ouster, with several firms maintaining a strong buy rating. On May 27, 2026, Rosenblatt maintained its buy rating with a price target of $53. Amerx initiated coverage with a buy rating and a $43 target on May 11, 2026. The consensus among analysts is a strong buy, with a mean target price of $46.86.
About Ouster, Inc.
Ouster, Inc. is a technology company based in San Francisco, California, specializing in lidar sensor technology. Founded in 2015, it serves various sectors, including automotive, industrial, robotics, and smart infrastructure. The company offers a range of sensors under its OS product line, designed for different field views and applications such as autonomous driving and advanced driver assistance systems. Led by CEO Charles Angus Pacala, Ouster employs around 320 people.
Bottom Line
Insider sales at Ouster, Inc., including those by Megan Chung, are part of planned transactions and don't necessarily indicate negative sentiment. The company's stock has performed well, trading near its 52-week high, and analysts remain bullish with strong buy ratings. Investors will be watching for the upcoming earnings report in August for further insights into Ouster's financial health.
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