Ouster (NYSE:OUST) Posts Quarterly Earnings Results

Ouster (NYSE:OUST) posted its earnings results on Tuesday. The company reported ($0.95) EPS for the quarter, reports. The company had revenue of $24.44 million for the quarter. Ouster had a negative net margin of 449.23% and a negative return on equity of 99.12%. Ouster updated its Q1 2024 guidance to EPS.

Ouster Price Performance

Shares of OUST stock opened at $6.68 on Thursday. Ouster has a 12-month low of $3.21 and a 12-month high of $8.60. The business has a 50 day simple moving average of $5.40 and a 200 day simple moving average of $5.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.11 and a quick ratio of 3.68.

Hedge Funds Weigh In On Ouster

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OUST. Vanguard Group Inc. lifted its position in Ouster by 7.7% in the fourth quarter. Vanguard Group Inc. now owns 2,164,463 shares of the company’s stock worth $16,601,000 after purchasing an additional 154,539 shares during the period. Barclays PLC lifted its position in shares of Ouster by 50.0% during the 4th quarter. Barclays PLC now owns 59,660 shares of the company’s stock valued at $458,000 after acquiring an additional 19,894 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of Ouster in the fourth quarter valued at $165,000. Penn Capital Management Company LLC lifted its holdings in shares of Ouster by 21.6% in the fourth quarter. Penn Capital Management Company LLC now owns 886,045 shares of the company’s stock valued at $6,806,000 after purchasing an additional 157,338 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of Ouster in the fourth quarter valued at $124,000. 31.45% of the stock is owned by institutional investors.

Ouster Company Profile

Ouster, Inc designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor; and DF, a solid-state flash sensor. The company is based in San Francisco, California.