Traders Purchase High Volume of Call Options on Ouster (NASDAQ:OUST)

Ouster, Inc. (NASDAQ:OUST) was the recipient of some unusual options trading activity on Monday. Investors acquired 10,857 call options on the company. This represents an increase of approximately 101% compared to the average daily volume of 5,405 call options.

Insider Buying and Selling

In other Ouster news, CEO Charles Angus Pacala sold 24,657 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $23.43, for a total value of $577,713.51. Following the sale, the chief executive officer owned 960,660 shares of the company’s stock, valued at $22,508,263.80. This trade represents a 2.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mark Frichtl sold 136,434 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $32.56, for a total value of $4,442,291.04. Following the completion of the sale, the chief technology officer directly owned 628,638 shares in the company, valued at $20,468,453.28. This represents a 17.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 484,159 shares of company stock valued at $13,522,138 in the last 90 days. Company insiders own 5.72% of the company’s stock.

Institutional Trading of Ouster

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in shares of 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 during the last quarter. Larson Financial Group LLC lifted its position in shares of Ouster by 118.8% during the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after buying an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in shares of Ouster by 38.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after buying an additional 800 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after buying an additional 525 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Ouster during the 3rd quarter worth approximately $120,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Stock Performance

Shares of NASDAQ:OUST traded down $4.12 during trading hours on Monday, reaching $30.74. The stock had a trading volume of 9,156,487 shares, compared to its average volume of 2,507,208. Ouster has a 1 year low of $9.77 and a 1 year high of $41.65. The firm’s 50 day moving average is $23.50 and its 200-day moving average is $23.33. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -11.96 and a beta of 3.06.

Analysts Set New Price Targets

OUST has been the topic of a number of recent analyst reports. Weiss Ratings started coverage on shares of Ouster in a research report on Friday. They issued a “sell (d-)” rating on the stock. Oppenheimer reissued an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Finally, Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.20.

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.