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

Ouster, Inc. (NYSE:OUST) saw unusually large options trading on Thursday. Stock traders bought 2,205 call options on the stock. This represents an increase of 51% compared to the average daily volume of 1,456 call options.

Wall Street Analysts Forecast Growth

OUST has been the topic of several recent analyst reports. Northland Securities began coverage on shares of Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective on the stock. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $12.00 to $10.00 in a report on Monday, November 11th. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Finally, Rosenblatt Securities restated a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $13.17.

Ouster Price Performance

Shares of NYSE OUST traded up $0.73 during mid-day trading on Thursday, hitting $11.11. 1,143,099 shares of the company’s stock traded hands, compared to its average volume of 1,182,731. Ouster has a 1 year low of $4.65 and a 1 year high of $16.88. The company’s 50-day moving average is $8.60 and its two-hundred day moving average is $9.18. The company has a market capitalization of $552.96 million, a P/E ratio of -4.32 and a beta of 2.50.

Insider Buying and Selling

In other Ouster news, CFO Mark Weinswig sold 31,397 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $8.72, for a total transaction of $273,781.84. Following the completion of the sale, the chief financial officer now owns 198,650 shares of the company’s stock, valued at approximately $1,732,228. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Charles Angus Pacala acquired 50,954 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $9.79 per share, for a total transaction of $498,839.66. Following the purchase, the chief executive officer now directly owns 769,957 shares of the company’s stock, valued at approximately $7,537,879.03. This trade represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 80,415 shares of company stock worth $748,620. 7.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ouster

Several institutional investors have recently modified their holdings of OUST. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Ouster during the 2nd quarter worth about $27,000. Van ECK Associates Corp boosted its position in shares of Ouster by 28.4% during the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after buying an additional 1,608 shares during the period. Stoneridge Investment Partners LLC bought a new position in shares of Ouster during the third quarter valued at approximately $67,000. True North Advisors LLC purchased a new stake in shares of Ouster in the third quarter worth approximately $78,000. Finally, Intech Investment Management LLC bought a new stake in shares of Ouster during the 3rd quarter worth approximately $81,000. 31.45% of the stock is owned by institutional investors.

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.