Key Points
- Ouster CTO Mark Frichtl sold 18,778 shares at an average price of $33.96, worth approximately $637,701, reducing his position by 5.56% while retaining 318,987 shares.
- Ouster reported quarterly revenue of $54.63 million, above estimates, but its loss of $0.26 per share missed consensus by $0.14. The company remains unprofitable, with analysts forecasting a full-year loss of $1.07 per share.
- Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $54.67 versus the stock’s opening price of $33.99.
Ouster, Inc. (NASDAQ:OUST - Get Free Report) CRO Cyrille Jacquemet sold 8,896 shares of the firm's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $33.96, for a total transaction of $302,108.16. Following the sale, the executive owned 105,538 shares in the company, valued at $3,584,070.48. The trade was a 7.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Ouster Stock Performance
OUST opened at $33.99 on Thursday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -39.52 and a beta of 3.25. The firm's fifty day moving average is $38.76 and its 200 day moving average is $34.11. Ouster, Inc. has a fifty-two week low of $16.40 and a fifty-two week high of $63.79.
Ouster (NASDAQ:OUST - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.14). Ouster had a negative return on equity of 17.49% and a negative net margin of 26.02%.The business had revenue of $54.63 million during the quarter, compared to analysts' expectations of $51.47 million. On average, equities research analysts predict that Ouster, Inc. will post -1.07 earnings per share for the current year.
Hedge Funds Weigh In On Ouster
Several institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in shares of Ouster by 50.3% during the 1st quarter. California State Teachers Retirement System now owns 79,401 shares of the company's stock worth $1,459,000 after acquiring an additional 26,574 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Ouster during the 1st quarter valued at approximately $2,436,000. Dimensional Fund Advisors LP grew its holdings in shares of Ouster by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 483,871 shares of the company's stock valued at $8,889,000 after purchasing an additional 32,440 shares in the last quarter. Bastion Asset Management Inc. purchased a new position in shares of Ouster in the first quarter valued at $5,271,000. Finally, Janus Henderson Group PLC increased its position in Ouster by 706.0% in the first quarter. Janus Henderson Group PLC now owns 177,895 shares of the company's stock worth $3,268,000 after purchasing an additional 155,825 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Roth Capital began coverage on Ouster in a research note on Friday, May 29th. They issued a "buy" rating and a $75.00 price target for the company. Rosenblatt Securities reiterated a "buy" rating and set a $53.00 price objective on shares of Ouster in a research report on Thursday, August 27th. Citigroup reissued an "outperform" rating on shares of Ouster in a report on Tuesday, July 21st. Oppenheimer restated an "outperform" rating and set a $57.00 target price (up from $42.00) on shares of Ouster in a research report on Wednesday, July 15th. Finally, Northland Securities set a $60.00 target price on shares of Ouster and gave the company an "outperform" rating in a research note on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.67.
Check Out Our Latest Stock Report on Ouster
Ouster News Roundup
Here are the key news stories impacting Ouster this week:
- Positive Sentiment: New lidar capabilities strengthen growth prospects. Ouster said its Rev8 OS1 Max digital lidar delivers native color imaging and roughly twice the accuracy and precision of prior capabilities. The sensor can resolve power lines from 200 meters and is being adopted by drone OEMs and payload integrators for utility inspections, infrastructure management, mapping, and defense applications. This could expand Ouster’s presence in high-altitude aerial mapping and other physical-AI markets. Ouster Rev8 OS1 Max announcement
- Positive Sentiment: Analyst outlook remains constructive. A recent Zacks report highlights optimistic Wall Street recommendations for Ouster. Continued positive broker sentiment may encourage buying, though the available report does not identify specific rating changes or price targets. Analyst outlook report
- Neutral Sentiment: Recent volatility remains elevated. Ouster’s high-beta shares recently underperformed the broader market in one session, underscoring that sentiment can shift quickly even as product news improves the long-term growth narrative. Ouster recent performance report
- Negative Sentiment: Multiple senior executives sold shares. The CEO, CFO, CTO, COO, chief revenue officer, and general counsel collectively sold approximately 98,000 shares for about $3.33 million at $33.96 per share. Each executive retained a substantial holding, and the transactions may reflect scheduled diversification rather than a change in business outlook; however, the concentration of sales could weigh on investor confidence in the near term. SEC insider transaction filing
About Ouster
(
Get Free Report)
Ouster, Inc develops lidar sensors and software used to help machines perceive and understand their surroundings. Its digital lidar technology measures distance and generates three-dimensional data for applications including industrial automation, robotics, intelligent transportation, infrastructure monitoring and automotive systems.
The company offers a portfolio of lidar sensors designed for different range, resolution and deployment requirements, along with software and perception tools that help customers interpret sensor data.
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