Ouster Target of Unusually Large Options Trading (NYSE:OUST)

Ouster, Inc. (NYSE:OUST) was the target of some unusual options trading on Friday. Stock investors acquired 4,357 call options on the company. This represents an increase of 119% compared to the average daily volume of 1,986 call options.

Institutional Investors Weigh In On Ouster

Hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC bought a new position in Ouster in the 3rd quarter worth approximately $81,000. Daiwa Securities Group Inc. grew its stake in shares of Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after purchasing an additional 1,063 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Ouster by 916.0% during the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after purchasing an additional 7,456 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of Ouster during the fourth quarter valued at about $154,000. Finally, SVB Wealth LLC acquired a new stake in Ouster in the fourth quarter worth about $163,000. Institutional investors own 31.45% of the company’s stock.

Ouster Stock Up 31.9 %

Shares of NYSE:OUST opened at $11.05 on Friday. The company’s 50-day moving average price is $9.40 and its 200 day moving average price is $8.94. The company has a market cap of $549.97 million, a PE ratio of -4.30 and a beta of 2.38. Ouster has a fifty-two week low of $4.92 and a fifty-two week high of $16.88.

Analyst Ratings Changes

Several equities analysts recently issued reports on OUST shares. Northland Securities assumed coverage on Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective on the stock. Cantor Fitzgerald raised their price target on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Westpark Capital initiated coverage on shares of Ouster in a report on Monday, March 17th. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Friday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

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.