Investors Purchase High Volume of Ouster Call Options (NYSE:OUST)

Ouster, Inc. (NYSE:OUST) saw unusually large options trading on Monday. Stock investors acquired 3,079 call options on the stock. This represents an increase of 47% compared to the average daily volume of 2,101 call options.

Ouster Trading Up 5.5%

Ouster stock opened at $16.03 on Wednesday. Ouster has a twelve month low of $5.84 and a twelve month high of $17.18. The stock has a 50 day moving average of $9.51 and a two-hundred day moving average of $9.88. The stock has a market capitalization of $861.87 million, a price-to-earnings ratio of -6.24 and a beta of 2.48.

Insider Buying and Selling

In other news, General Counsel Megan Chung sold 5,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the transaction, the general counsel now directly owns 220,762 shares in the company, valued at approximately $2,481,364.88. This represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ouster

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Ouster by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company’s stock valued at $34,354,000 after buying an additional 190,885 shares during the period. Penn Capital Management Company LLC lifted its holdings in shares of Ouster by 5.6% in the 1st quarter. Penn Capital Management Company LLC now owns 1,155,414 shares of the company’s stock valued at $10,387,000 after buying an additional 60,886 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Ouster by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 1,022,274 shares of the company’s stock valued at $12,495,000 after buying an additional 46,867 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Ouster by 25.8% in the 4th quarter. New York State Common Retirement Fund now owns 759,491 shares of the company’s stock valued at $9,281,000 after buying an additional 155,640 shares during the period. Finally, Trexquant Investment LP lifted its holdings in shares of Ouster by 113.9% in the 4th quarter. Trexquant Investment LP now owns 602,448 shares of the company’s stock valued at $7,362,000 after buying an additional 320,742 shares during the period. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OUST shares. Oppenheimer started coverage on Ouster in a research note on Thursday, March 27th. They set an “outperform” rating and a $16.00 target price for the company. Cantor Fitzgerald boosted their target price on Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Westpark Capital raised Ouster from a “hold” rating to a “buy” rating and set a $13.68 target price for the company in a research note on Friday, May 9th. UBS Group set a $16.00 target price on Ouster in a research note on Thursday, March 27th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $17.00 target price on shares of Ouster in a research note on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ouster has a consensus rating of “Buy” and an average price target of $14.10.

About Ouster

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.