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

Ouster, Inc. (NYSE:OUST) was the recipient of some unusual options trading activity on Monday. Investors bought 5,009 put options on the stock. This is an increase of 188% compared to the average daily volume of 1,738 put options.

Analysts Set New Price Targets

Several research firms have weighed in on OUST. Cantor Fitzgerald reissued an “overweight” rating and issued a $8.00 price target on shares of Ouster in a research note on Thursday, March 28th. Craig Hallum boosted their price target on shares of Ouster from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Chardan Capital reissued a “neutral” rating and issued a $10.00 price target on shares of Ouster in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Ouster Price Performance

OUST stock opened at $7.47 on Wednesday. The firm’s 50-day moving average price is $6.31 and its two-hundred day moving average price is $5.81. Ouster has a 12-month low of $3.21 and a 12-month high of $11.40. The stock has a market capitalization of $303.80 million, a price-to-earnings ratio of -0.68 and a beta of 2.54. The company has a current ratio of 3.22, a quick ratio of 2.94 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling at Ouster

In other news, General Counsel Megan Chung sold 5,776 shares of Ouster stock in a transaction on Monday, April 1st. The shares were sold at an average price of $7.96, for a total transaction of $45,976.96. Following the completion of the sale, the general counsel now directly owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Mark Weinswig sold 19,990 shares of Ouster stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $9.35, for a total transaction of $186,906.50. Following the completion of the sale, the chief financial officer now directly owns 236,800 shares of the company’s stock, valued at approximately $2,214,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Megan Chung sold 5,776 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $7.96, for a total transaction of $45,976.96. Following the completion of the sale, the general counsel now directly 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 sold a total of 36,986 shares of company stock valued at $290,359 in the last three months. Company insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently modified their holdings of OUST. BlackRock Inc. increased its position in shares of Ouster by 104.5% in the first quarter. BlackRock Inc. now owns 19,289,840 shares of the company’s stock valued at $16,140,000 after acquiring an additional 9,859,041 shares during the period. State Street Corp increased its position in shares of Ouster by 142.5% during the first quarter. State Street Corp now owns 11,387,013 shares of the company’s stock valued at $9,528,000 after buying an additional 6,691,110 shares during the period. Geode Capital Management LLC increased its position in shares of Ouster by 134.7% during the first quarter. Geode Capital Management LLC now owns 5,071,063 shares of the company’s stock valued at $4,243,000 after buying an additional 2,910,036 shares during the period. Penn Capital Management Company LLC purchased a new position in shares of Ouster during the first quarter valued at about $5,625,000. Finally, AIGH Capital Management LLC purchased a new position in shares of Ouster during the third quarter valued at about $6,491,000. 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.