Stephen Skaggs Sells 1,386 Shares of Ouster (NASDAQ:OUST) Stock

Key Points

• Director Stephen Skaggs sold 1,386 Ouster shares for approximately $64,421, reducing his stake by 2.09% while retaining 65,029 shares.
• Ouster’s second-quarter revenue rose 56% year over year to $54.63 million, exceeding estimates, but the company reported a $0.26-per-share loss that missed the cited consensus forecast. Third-quarter revenue guidance of $54.5 million to $57.5 million was slightly below analyst expectations.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $54.67 versus the reported trading price of $43.40, despite Ouster’s continued losses and high volatility.

Ouster, Inc. (NASDAQ:OUST - Get Free Report) Director Stephen Skaggs sold 1,386 shares of the business's stock in a transaction that occurred on 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 owned 65,029 shares in the company, valued at $3,022,547.92. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ouster Price Performance

NASDAQ:OUST traded down $2.18 during trading hours on Friday, reaching $43.40. 3,849,889 shares of the stock were exchanged, compared to its average volume of 3,296,253. The stock has a market cap of $2.73 billion, a PE ratio of -44.74 and a beta of 3.24. Ouster, Inc. has a twelve month low of $16.40 and a twelve month high of $63.79. The firm has a 50 day moving average of $42.85 and a 200 day moving average of $30.56.

Ouster (NASDAQ:OUST - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $54.63 million during the quarter, compared to analyst estimates of $51.47 million. Ouster had a negative net margin of 30.12% and a negative return on equity of 21.49%. Equities research analysts anticipate that Ouster, Inc. will post -1.03 earnings per share for the current year.

Ouster News Roundup

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

Wall Street Analysts Forecast Growth

OUST has been the subject of a number of recent research reports. 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. Rosenblatt Securities reaffirmed a "buy" rating and issued a $53.00 target price on shares of Ouster in a research report on Friday. Northland Securities set a $60.00 target price on Ouster and gave the stock an "outperform" rating in a report on Tuesday, July 21st. Roth Capital started coverage on Ouster in a report on Friday, May 29th. They set a "buy" rating and a $75.00 target price on the stock. Finally, Oppenheimer reissued an "outperform" rating and set a $57.00 price target (up from $42.00) on shares of Ouster in a research report on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $54.67.

Institutional Trading of Ouster

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Ouster by 1,521.8% during the second quarter. Invesco Ltd. now owns 571,662 shares of the company's stock worth $13,863,000 after buying an additional 536,413 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Ouster in the first quarter valued at approximately $8,915,000. Handelsbanken Fonder AB lifted its position in shares of 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 buying an additional 405,441 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Ouster by 517.5% during the 4th quarter. Squarepoint Ops LLC now owns 401,727 shares of the company's stock worth $8,693,000 after acquiring an additional 336,673 shares during the period. Finally, Bastion Asset Management Inc. acquired a new position in shares of Ouster during the 1st quarter worth approximately $5,271,000. 31.45% of the stock is owned by institutional investors.

About Ouster

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source