Ouster (NASDAQ:OUST) Trading Up 28.7% – Here’s What Happened

Shares of Ouster, Inc. (NASDAQ:OUST) rose 28.7% during mid-day trading on Monday . The stock traded as high as $54.49 and last traded at $54.07. 10,001,625 shares changed hands during mid-day trading, an increase of 223% from the average daily volume of 3,099,008 shares. The stock had previously closed at $42.02.

More Ouster News

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Ouster announced that its Rev8 digital lidar sensors now comply with the Build America, Buy America Act, making them eligible for federally funded infrastructure projects such as smart cities, transit systems, and intelligent transportation networks. Article Title
• Positive Sentiment: The company has also benefited from new partnership activity, including a strategic agreement with AIM Intelligent Machines, an expanded collaboration with FieldAI, and a larger manufacturing deal with Benchmark Electronics to support higher Rev8 output. Article Title
• Positive Sentiment: Investor enthusiasm is being driven by Ouster’s positioning as a pure-play “physical AI” company, supplying the perception layer for autonomous machines, robotics, and smart infrastructure. Article Title
• Neutral Sentiment: Recent commentary notes that Ouster’s rally has pushed the stock to a 52-week high, but analysts remain cautious given the sharp run-up and elevated valuation. Article Title
• Negative Sentiment: Despite the momentum, Ouster is still not consistently profitable and trades at a rich valuation after its large move, which could increase volatility if expectations cool. Article Title

Analysts Set New Price Targets

Several research firms have weighed in on OUST. Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Weiss Ratings began coverage on Ouster in a research report on Friday, May 15th. They set a “sell (d-)” rating for the company. Roth Mkm initiated coverage on shares of Ouster in a report on Friday, May 29th. They issued a “buy” rating and a $75.00 target price for the company. Finally, Rosenblatt Securities boosted their price target on shares of Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.17.

Ouster Stock Down 4.0%

The company has a market capitalization of $3.77 billion, a PE ratio of -61.88 and a beta of 3.24. The firm’s 50 day simple moving average is $37.17 and its 200 day simple moving average is $27.23.

Ouster (NASDAQ:OUST) last announced its earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The firm had revenue of $48.58 million during the quarter, compared to analysts’ expectations of $46.15 million. Ouster had a negative net margin of 30.12% and a negative return on equity of 21.49%. During the same period in the prior year, the company posted ($0.42) EPS. As a group, sell-side analysts predict that Ouster, Inc. will post -1.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Kenneth P. Gianella sold 54,337 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $38.82, for a total value of $2,109,362.34. Following the sale, the chief financial officer directly owned 301,014 shares in the company, valued at approximately $11,685,363.48. This represents a 15.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Mark Frichtl sold 308,742 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $41.53, for a total value of $12,822,055.26. Following the sale, the chief technology officer directly owned 294,924 shares of the company’s stock, valued at $12,248,193.72. This represents a 51.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 910,591 shares of company stock valued at $32,578,780 over the last quarter. Corporate insiders own 5.72% of the company’s stock.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of Ouster by 114.6% during the first quarter. Bank of America Corp DE now owns 217,390 shares of the company’s stock valued at $3,993,000 after purchasing an additional 116,096 shares during the period. Janus Henderson Group PLC increased its stake in Ouster by 706.0% in the 1st quarter. Janus Henderson Group PLC now owns 177,895 shares of the company’s stock worth $3,268,000 after buying an additional 155,825 shares during the period. Amundi increased its stake in Ouster by 40.1% in the 1st quarter. Amundi now owns 21,921 shares of the company’s stock worth $403,000 after buying an additional 6,278 shares during the period. California State Teachers Retirement System lifted its holdings in Ouster by 50.3% during the 1st quarter. California State Teachers Retirement System now owns 79,401 shares of the company’s stock valued at $1,459,000 after buying an additional 26,574 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Ouster by 34.4% during the 1st quarter. Royal Bank of Canada now owns 5,888 shares of the company’s stock valued at $108,000 after buying an additional 1,507 shares in the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Company Profile

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.