First Trust Advisors LP reduced its position in shares of Ouster, Inc. (NASDAQ:OUST – Free Report) by 46.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,709 shares of the company’s stock after selling 115,982 shares during the period. First Trust Advisors LP owned approximately 0.21% of Ouster worth $2,438,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in shares of Ouster by 2,532.6% during the 2nd 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 in the last quarter. Larson Financial Group LLC lifted its stake in Ouster by 118.8% during 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 last quarter. Van ECK Associates Corp boosted its holdings in Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after buying an additional 525 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Ouster during the third quarter worth approximately $120,000. Finally, SHP Wealth Management acquired a new position in Ouster in the fourth quarter worth approximately $96,000. 31.45% of the stock is currently owned by institutional investors.
Insider Activity
In related news, CFO Kenneth P. Gianella sold 54,337 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $38.82, for a total transaction of $2,109,362.34. Following the transaction, the chief financial officer directly owned 301,014 shares of the company’s stock, valued at approximately $11,685,363.48. The trade was a 15.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen A. Skaggs sold 3,614 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $45.18, for a total transaction of $163,280.52. Following the completion of the sale, the director owned 61,415 shares of the company’s stock, valued at approximately $2,774,729.70. The trade was a 5.56% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 744,754 shares of company stock worth $28,929,859. Corporate insiders own 5.72% of the company’s stock.
Ouster Stock Down 4.8%
Ouster (NASDAQ:OUST – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). The business had revenue of $54.63 million for the quarter, compared to analysts’ expectations of $51.47 million. Ouster had a negative net margin of 26.02% and a negative return on equity of 19.33%. On average, analysts expect that Ouster, Inc. will post -1.03 earnings per share for the current fiscal year.
Analysts Set New Price Targets
OUST has been the topic of several research reports. Northland Securities set a $60.00 price target on Ouster and gave the company an “outperform” rating in a report on Tuesday, July 21st. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Roth Capital assumed coverage on Ouster in a report on Friday, May 29th. They issued a “buy” rating and a $75.00 target price on the stock. Weiss Ratings initiated coverage on Ouster in a research report on Friday, May 15th. They set a “sell (d-)” rating on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $53.00 target price on shares of Ouster in a report on Friday. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ouster currently has an average rating of “Moderate Buy” and a consensus target price of $54.67.
Read Our Latest Stock Analysis on OUST
More Ouster News
Here are the key news stories impacting Ouster this week:
- Positive Sentiment: Second-quarter revenue rose 56% year over year to $54.63 million, exceeding analyst expectations of $51.47 million. Record sensor shipments, demand for the Rev8 lidar platform and smart-infrastructure projects supported the growth. Ouster Q2 Earnings Surpass Expectations on Sensor Growth
- Positive Sentiment: Management highlighted the Rev8 production ramp, expansion of its BlueCity smart-infrastructure business and rising robotics demand. The company said it remains well positioned for longer-term “physical AI” applications. OUST Q2 Earnings Call Focuses on Rev8 Ramp and Robotics Demand
- Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and maintained a $53 price target, implying meaningful upside from recent trading levels. The broader analyst consensus remains “Moderate Buy,” with an average target of $54.67. Rosenblatt Securities Rating
- Neutral Sentiment: Ouster left its full-year revenue expectations unchanged. This signals continued confidence in the longer-term outlook but provides no upward revision to estimates after the quarter.
- Negative Sentiment: Ouster reported a second-quarter loss of $0.26 per share. While one data source characterized the result as better than its $0.31 loss estimate, other consensus figures cited a $0.12 expected loss, making the earnings reaction mixed. The company remains unprofitable, with a negative net margin.
- Negative Sentiment: Third-quarter revenue guidance of $54.5 million to $57.5 million is slightly below the $57.7 million analyst consensus, potentially raising concerns about the pace of growth.
- Negative Sentiment: COO Darien Spencer sold 30,000 shares worth approximately $1.35 million, reducing his holdings by 9.1%. The sale may add modest pressure to investor sentiment, although it does not necessarily indicate a change in business fundamentals. Ouster COO Stock Sale
Ouster Profile
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.
Recommended Stories
- Five stocks we like better than Ouster
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Want to see what other hedge funds are holding OUST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ouster, Inc. (NASDAQ:OUST – Free Report).
Receive News & Ratings for Ouster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ouster and related companies with MarketBeat.com's FREE daily email newsletter.
