Ouster Target of Unusually High Options Trading (NASDAQ:OUST)

Ouster, Inc. (NASDAQ:OUST) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 10,857 call options on the stock. This is an increase of approximately 101% compared to the typical volume of 5,405 call options.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings assumed coverage on shares of Ouster in a research report on Friday. They set a “sell (d-)” rating on the stock. Rosenblatt Securities restated a “buy” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Finally, Oppenheimer restated an “outperform” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.20.

Insider Buying and Selling at Ouster

In related news, CTO Mark Frichtl sold 136,434 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $32.56, for a total transaction of $4,442,291.04. Following the completion of the transaction, the chief technology officer owned 628,638 shares of the company’s stock, valued at $20,468,453.28. This trade represents a 17.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Angus Pacala sold 24,657 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total transaction of $577,713.51. Following the transaction, the chief executive officer directly owned 960,660 shares of the company’s stock, valued at approximately $22,508,263.80. This trade represents a 2.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 484,159 shares of company stock valued at $13,522,138. 5.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Ouster

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in shares of Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares during the period. Larson Financial Group LLC grew its position in shares of Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after purchasing an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd grew its position in shares of Ouster by 38.1% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after purchasing an additional 800 shares during the period. SHP Wealth Management acquired a new stake in shares of Ouster in the fourth quarter valued at about $96,000. Finally, Van ECK Associates Corp grew its position in shares of Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Stock Performance

OUST stock opened at $30.74 on Tuesday. The firm has a market cap of $1.93 billion, a PE ratio of -31.69 and a beta of 3.06. The firm’s fifty day moving average is $23.70 and its 200 day moving average is $23.31. Ouster has a one year low of $9.77 and a one year high of $41.65.

About Ouster

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.