Stock Traders Buy Large Volume of Ouster Call Options (NASDAQ:OUST)

Ouster, Inc. (NASDAQ:OUST) was the target of unusually large options trading activity on Monday. Traders acquired 13,003 call options on the stock. This is an increase of approximately 76% compared to the typical daily volume of 7,374 call options.

Ouster Stock Performance

OUST traded up $1.63 during midday trading on Monday, hitting $48.20. The company had a trading volume of 3,059,675 shares, compared to its average volume of 2,963,458. Ouster has a twelve month low of $16.40 and a twelve month high of $51.50. The company has a market capitalization of $3.03 billion, a PE ratio of -49.69 and a beta of 3.24. The firm’s 50-day simple moving average is $33.67 and its 200-day simple moving average is $26.09.

Ouster (NASDAQ:OUST) last announced its earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). Ouster had a negative return on equity of 21.49% and a negative net margin of 30.12%.The company had revenue of $48.58 million for the quarter, compared to analyst estimates of $46.15 million. During the same quarter in the previous year, the company posted ($0.42) earnings per share. As a group, sell-side analysts anticipate that Ouster will post -1.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OUST. Roth Mkm initiated coverage on Ouster in a report on Friday, May 29th. They issued a “buy” rating and a $75.00 target price on the stock. Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Rosenblatt Securities lifted their price objective on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Oppenheimer reissued an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Finally, Weiss Ratings started coverage on Ouster in a report on Friday, May 15th. They set a “sell (d-)” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.17.

Insider Buying and Selling at Ouster

In related news, CEO Charles Angus Pacala sold 29,797 shares of Ouster stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $38.82, for a total transaction of $1,156,719.54. Following the completion of the transaction, the chief executive officer directly owned 1,072,201 shares of the company’s stock, valued at $41,622,842.82. This trade represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Mark Frichtl sold 308,742 shares of Ouster stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $41.53, for a total transaction of $12,822,055.26. Following the transaction, the chief technology officer directly owned 294,924 shares of the company’s stock, valued at $12,248,193.72. This represents a 51.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 948,896 shares of company stock worth $33,336,715 over the last ninety days. Company insiders own 5.72% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in Ouster by 2,532.6% during the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after buying an additional 1,089 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Ouster by 118.8% in the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after buying an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd raised its position in shares of Ouster by 38.1% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after acquiring an additional 800 shares during the last quarter. SHP Wealth Management bought a new stake in shares of Ouster during the fourth quarter worth $96,000. Finally, Van ECK Associates Corp lifted its stake in shares of Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after acquiring an additional 525 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

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.