Ouster (NYSE:OUST) Stock Price Up 10% - Here's What Happened

Key Points

• Shares jumped 10% on Monday to $21.36 (intraday high $21.44) from a prior close of $19.42, with about 1.24M shares traded—roughly 35% below average session volume.
• Analysts are largely positive—four Buys and one Hold—giving Ouster a consensus rating of Moderate Buy and an average price target of $32.17 (individual targets range up to $50).
• There has been recent insider selling (e.g., General Counsel sold 5,837 shares at $27.24); insiders now own 6.63% of the stock, which has a market cap of $1.26B and a negative P/E of -8.19.

Shares of Ouster, Inc. (NYSE:OUST - Get Free Report) traded up 10% on Monday . The stock traded as high as $21.44 and last traded at $21.36. 1,237,509 shares were traded during trading, a decline of 35% from the average session volume of 1,914,176 shares. The stock had previously closed at $19.42.

Analysts Set New Price Targets

OUST has been the topic of a number of recent analyst reports. Oppenheimer restated an "outperform" rating on shares of Ouster in a research report on Thursday, December 4th. Cantor Fitzgerald set a $33.00 price target on Ouster in a report on Thursday, November 6th. Westpark Capital reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Ouster in a research note on Wednesday, November 5th. Northland Securities set a $38.00 target price on Ouster in a research note on Wednesday, November 5th. Finally, Zacks Research downgraded shares of Ouster from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 13th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Ouster presently has an average rating of "Moderate Buy" and a consensus price target of $32.17.

Ouster Trading Up 8.4%

The business has a fifty day simple moving average of $23.71 and a 200 day simple moving average of $26.72. The stock has a market capitalization of $1.26 billion, a P/E ratio of -8.19 and a beta of 2.91.

Insider Buying and Selling at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,837 shares of the company's stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $27.24, for a total value of $158,999.88. Following the transaction, the general counsel directly owned 183,141 shares in the company, valued at $4,988,760.84. This represents a 3.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ted L. Tewksbury III sold 1,695 shares of the firm's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $21.47, for a total value of $36,391.65. Following the completion of the sale, the director directly owned 123,664 shares in the company, valued at approximately $2,655,066.08. The trade was a 1.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 9,227 shares of company stock worth $238,411. Corporate insiders own 6.63% of the company's stock.

Institutional Investors Weigh In On Ouster

Several institutional investors have recently bought and sold shares of OUST. NewEdge Advisors LLC boosted its stake in shares of Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company's stock valued at $27,000 after purchasing an additional 1,089 shares during the period. Nisa Investment Advisors LLC boosted its position in Ouster by 153.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company's stock valued at $29,000 after buying an additional 733 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of Ouster by 8,823.5% during the second quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company's stock valued at $37,000 after acquiring an additional 1,500 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company's stock worth $43,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in Ouster by 38.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company's stock valued at $78,000 after purchasing an additional 800 shares during the period. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

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