Key Points
- Ouster director Stephen Skaggs sold 1,386 shares for $64,421 at an average price of $46.48, reducing his stake by 2.09% to 65,029 shares.
- Second-quarter revenue rose 56% year over year to $54.63 million, exceeding expectations, but the company reported a loss of $0.26 per share that missed the cited consensus estimate. Third-quarter revenue guidance of $54.5 million to $57.5 million was slightly below analyst expectations.
- Analyst sentiment remains generally positive, with a “Moderate Buy” consensus rating and an average price target of $54.67, although Ouster remains unprofitable and another executive recently sold shares.
Ouster, Inc. (NASDAQ:OUST - Get Free Report) Director Stephen Skaggs sold 1,386 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $46.48, for a total value of $64,421.28. Following the completion of the sale, the director directly owned 65,029 shares of the company's stock, valued at approximately $3,022,547.92. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Ouster Price Performance
OUST opened at $43.40 on Friday. The stock's 50 day simple moving average is $42.80 and its 200 day simple moving average is $30.65. Ouster, Inc. has a 1 year low of $16.40 and a 1 year high of $63.79. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of -50.46 and a beta of 3.24.
Ouster (NASDAQ:OUST - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.14). Ouster had a negative return on equity of 19.33% and a negative net margin of 26.02%.The company had revenue of $54.63 million during the quarter, compared to analysts' expectations of $51.47 million. As a group, sell-side analysts anticipate that Ouster, Inc. will post -1.03 EPS for the current year.
Key Ouster News
Here are the key news stories impacting Ouster this week:
- Positive Sentiment: Second-quarter revenue rose 56% year over year to $54.63 million, exceeding analyst expectations of $51.47 million. Record sensor shipments, demand for the Rev8 lidar platform and smart-infrastructure projects supported the growth. Ouster Q2 Earnings Surpass Expectations on Sensor Growth
- Positive Sentiment: Management highlighted the Rev8 production ramp, expansion of its BlueCity smart-infrastructure business and rising robotics demand. The company said it remains well positioned for longer-term “physical AI” applications. OUST Q2 Earnings Call Focuses on Rev8 Ramp and Robotics Demand
- Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and maintained a $53 price target, implying meaningful upside from recent trading levels. The broader analyst consensus remains “Moderate Buy,” with an average target of $54.67. Rosenblatt Securities Rating
- Neutral Sentiment: Ouster left its full-year revenue expectations unchanged. This signals continued confidence in the longer-term outlook but provides no upward revision to estimates after the quarter.
- Negative Sentiment: Ouster reported a second-quarter loss of $0.26 per share. While one data source characterized the result as better than its $0.31 loss estimate, other consensus figures cited a $0.12 expected loss, making the earnings reaction mixed. The company remains unprofitable, with a negative net margin.
- Negative Sentiment: Third-quarter revenue guidance of $54.5 million to $57.5 million is slightly below the $57.7 million analyst consensus, potentially raising concerns about the pace of growth.
- Negative Sentiment: COO Darien Spencer sold 30,000 shares worth approximately $1.35 million, reducing his holdings by 9.1%. The sale may add modest pressure to investor sentiment, although it does not necessarily indicate a change in business fundamentals. Ouster COO Stock Sale
Analyst Ratings Changes
OUST has been the subject of a number of recent analyst reports. Northland Securities set a $60.00 price target on shares of Ouster and gave the company an "outperform" rating in a report on Tuesday, July 21st. Citigroup reissued an "outperform" rating on shares of Ouster in a report on Tuesday, July 21st. Rosenblatt Securities restated a "buy" rating and issued a $53.00 price objective on shares of Ouster in a research report on Friday. Weiss Ratings started coverage on shares of Ouster in a research note on Friday, May 15th. They set a "sell (d-)" rating for the company. Finally, Roth Capital started coverage on shares of Ouster in a report on Friday, May 29th. They set a "buy" rating and a $75.00 target price for the company. Six 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $54.67.
Check Out Our Latest Stock Analysis on OUST
Hedge Funds Weigh In On Ouster
Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Ouster by 9.1% during the fourth quarter. Geode Capital Management LLC now owns 1,421,130 shares of the company's stock valued at $30,758,000 after acquiring an additional 118,132 shares in the last quarter. Penn Capital Management Company LLC boosted its holdings in Ouster by 24.1% in the fourth quarter. Penn Capital Management Company LLC now owns 775,297 shares of the company's stock valued at $16,817,000 after acquiring an additional 150,337 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Ouster by 130.7% in the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company's stock valued at $15,479,000 after acquiring an additional 405,441 shares in the last quarter. Invesco Ltd. increased its position in Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company's stock valued at $13,863,000 after purchasing an additional 536,413 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Ouster by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 487,438 shares of the company's stock valued at $10,548,000 after purchasing an additional 21,019 shares during the period. 31.45% of the stock is owned by hedge funds and other institutional investors.
About Ouster
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
