Ouster (NASDAQ:OUST) Sets New 1-Year High After Analyst Upgrade

Shares of Ouster, Inc. (NASDAQ:OUST) hit a new 52-week high during mid-day trading on Wednesday after Rosenblatt Securities raised their price target on the stock from $40.00 to $53.00. Rosenblatt Securities currently has a buy rating on the stock. Ouster traded as high as $45.42 and last traded at $42.70, with a volume of 8578035 shares trading hands. The stock had previously closed at $37.03.

Several other brokerages have also recently issued reports on OUST. Weiss Ratings initiated coverage on Ouster in a report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Oppenheimer restated an “outperform” rating and issued a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.80.

Insider Transactions at Ouster

In other Ouster news, CRO Cyrille Jacquemet sold 9,433 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $40.00, for a total transaction of $377,320.00. Following the completion of the sale, the executive directly owned 123,158 shares in the company, valued at approximately $4,926,320. The trade was a 7.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Darien Spencer sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $45.00, for a total value of $1,350,000.00. Following the sale, the chief operating officer owned 342,366 shares of the company’s stock, valued at approximately $15,406,470. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 927,334 shares of company stock valued at $31,530,882 in the last 90 days. Corporate insiders own 5.72% of the company’s stock.

Key Headlines Impacting Ouster

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Rosenblatt Securities raised its price target on Ouster to $53 from $40 and reiterated a buy rating, reinforcing the view that the stock’s recent run may have more room to continue. Ouster price target raised to $53 at Rosenblatt
• Positive Sentiment: Recent coverage highlighted Ouster’s growing momentum in defense and autonomous technology markets, including a strategic agreement to strengthen counter-drone systems with its digital lidar products. ARGUS Interception and Ouster Announce Strategic Agreement
• Positive Sentiment: Market commentary also pointed to Ouster’s breakout momentum and new highs, suggesting traders are buying into the company’s defense and robotics growth story. Ouster Shares Rise As Defense Push, Analyst Targets Hike Boost Momentum
• Neutral Sentiment: Multiple insiders, including the COO, CTO, and CRO, sold shares recently. While that can create caution, the sales were disclosed and do not necessarily signal a change in the company’s fundamentals. SEC filing for Mark Frichtl SEC filing for Darien Spencer SEC filing for Cyrille Jacquemet
• Negative Sentiment: The insider selling, especially a large CTO sale, may worry some investors who view it as a sign that management is taking profits after the stock’s sharp run-up.

Institutional Investors Weigh In On Ouster

Several large investors have recently bought and sold shares of OUST. NewEdge Advisors LLC grew its position in shares of Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after purchasing an additional 1,067 shares in the last quarter. Gordian Capital Singapore Pte Ltd grew its position in shares of Ouster by 38.1% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after purchasing an additional 800 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of Ouster in the fourth quarter valued at approximately $96,000. Finally, Van ECK Associates Corp grew its position in shares of Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares in the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Ouster Stock Down 4.3%

The business has a 50-day moving average price of $26.18 and a 200-day moving average price of $23.76. The firm has a market capitalization of $2.66 billion, a PE ratio of -43.64 and a beta of 3.06.

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.