Traders Buy High Volume of Ouster Put Options (NYSE:OUST)

Ouster, Inc. (NYSE:OUST - Get Free Report) was the target of some unusual options trading on Monday. Stock traders purchased 5,009 put options on the stock. This represents an increase of 188% compared to the average daily volume of 1,738 put options.

Insider Activity at Ouster

In other news, General Counsel Megan Chung sold 5,776 shares of the business's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $7.96, for a total value of $45,976.96. Following the completion of the sale, the general counsel now owns 163,966 shares of the company's stock, valued at $1,305,169.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Ouster news, General Counsel Megan Chung sold 5,776 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $7.96, for a total transaction of $45,976.96. Following the transaction, the general counsel now owns 163,966 shares in the company, valued at approximately $1,305,169.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark Weinswig sold 19,990 shares of the business's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $9.35, for a total value of $186,906.50. Following the completion of the transaction, the chief financial officer now directly owns 236,800 shares of the company's stock, valued at approximately $2,214,080. The disclosure for this sale can be found here. Insiders sold 36,986 shares of company stock worth $290,359 in the last ninety days. 6.00% of the stock is owned by company insiders.

Institutional Trading of Ouster

Large investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new position in shares of Ouster during the fourth quarter valued at about $70,000. Psagot Value Holdings Ltd. Israel bought a new stake in Ouster during the 4th quarter worth approximately $76,000. International Assets Investment Management LLC raised its stake in shares of Ouster by 667.0% in the fourth quarter. International Assets Investment Management LLC now owns 9,894 shares of the company's stock worth $76,000 after purchasing an additional 8,604 shares during the last quarter. Brown Advisory Inc. purchased a new position in shares of Ouster during the third quarter valued at approximately $51,000. Finally, Bison Wealth LLC bought a new stake in Ouster during the fourth quarter worth $79,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OUST. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $8.00 price target on shares of Ouster in a report on Thursday, March 28th. Craig Hallum upped their price target on shares of Ouster from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Finally, Chardan Capital reissued a "neutral" rating and set a $10.00 price objective on shares of Ouster in a report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.

Ouster Trading Down 1.4 %

NYSE OUST traded down $0.11 on Monday, reaching $7.62. The company had a trading volume of 1,453,424 shares, compared to its average volume of 1,177,639. The business has a 50 day moving average of $6.20 and a two-hundred day moving average of $5.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.22 and a quick ratio of 2.94. The firm has a market cap of $309.91 million, a price-to-earnings ratio of -0.67 and a beta of 2.54. Ouster has a fifty-two week low of $3.21 and a fifty-two week high of $11.40.

Ouster Company Profile

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.