Ouster Sees Unusually Large Options Volume (NYSE:OUST)

Ouster, Inc. (NYSE:OUST) was the recipient of some unusual options trading on Wednesday. Investors bought 10,477 call options on the company. This is an increase of 551% compared to the average volume of 1,609 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $8.00 target price on shares of Ouster in a report on Thursday, March 28th. Craig Hallum boosted their price objective on Ouster from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Chardan Capital restated a “neutral” rating and set a $10.00 price objective on shares of Ouster in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Ouster Stock Down 5.3 %

OUST stock opened at $8.23 on Thursday. The stock’s fifty day simple moving average is $6.08 and its two-hundred day simple moving average is $5.72. The company has a current ratio of 3.22, a quick ratio of 2.94 and a debt-to-equity ratio of 0.24. Ouster has a 1-year low of $3.21 and a 1-year high of $11.40. The stock has a market cap of $334.71 million, a P/E ratio of -0.74 and a beta of 2.55.

Insider Buying and Selling

In related news, General Counsel Megan Chung sold 5,776 shares of Ouster stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $7.96, for a total value of $45,976.96. Following the transaction, the general counsel now directly owns 163,966 shares of the company’s stock, valued at $1,305,169.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Mark Weinswig sold 19,990 shares of Ouster stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total value of $186,906.50. Following the transaction, the chief financial officer now directly owns 236,800 shares of the company’s stock, valued at $2,214,080. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Megan Chung sold 5,776 shares of Ouster stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $7.96, for a total value of $45,976.96. Following the completion of the sale, the general counsel now owns 163,966 shares of the company’s stock, valued at $1,305,169.36. The disclosure for this sale can be found here. Insiders have sold a total of 36,986 shares of company stock valued at $290,359 over the last ninety days. 6.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. purchased a new position in shares of Ouster during the 4th quarter valued at $70,000. Psagot Value Holdings Ltd. Israel purchased a new position in shares of Ouster during the 4th quarter valued at $76,000. International Assets Investment Management LLC lifted its position in shares of Ouster by 667.0% during the 4th quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock valued at $76,000 after buying an additional 8,604 shares during the last quarter. Brown Advisory Inc. purchased a new position in shares of Ouster during the 3rd quarter valued at $51,000. Finally, Bison Wealth LLC purchased a new position in shares of Ouster during the 4th quarter valued at $79,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Company Profile

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.