Traders Purchase High Volume of Ouster Call Options (NYSE:OUST)

Ouster, Inc. (NYSE:OUST - Get Free Report) was the target of unusually large options trading on Thursday. Traders bought 2,205 call options on the stock. This represents an increase of approximately 51% compared to the typical daily volume of 1,456 call options.

Ouster Price Performance

Shares of OUST stock traded up $0.04 during trading hours on Thursday, reaching $10.42. 2,750,023 shares of the stock were exchanged, compared to its average volume of 1,190,271. The business's fifty day moving average is $8.67 and its two-hundred day moving average is $9.19. The firm has a market capitalization of $518.61 million, a P/E ratio of -4.05 and a beta of 2.50. Ouster has a 12-month low of $4.65 and a 12-month high of $16.88.

Analyst Ratings Changes

A number of equities research analysts have commented on OUST shares. Northland Securities initiated coverage on Ouster in a research report on Thursday, December 12th. They issued an "outperform" rating and a $14.00 target price on the stock. Rosenblatt Securities restated a "buy" rating and set a $17.00 price target on shares of Ouster in a research note on Friday, November 8th. Northland Capmk raised Ouster to a "strong-buy" rating in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald upgraded Ouster from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $12.00 to $10.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $13.17.

Insider Transactions at Ouster

In other news, CFO Mark Weinswig sold 31,397 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total value of $273,781.84. Following the completion of the sale, the chief financial officer now owns 198,650 shares of the company's stock, valued at $1,732,228. This represents a 13.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Mark Frichtl purchased 5,045 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $9.78 per share, with a total value of $49,340.10. Following the acquisition, the chief technology officer now directly owns 513,121 shares in the company, valued at approximately $5,018,323.38. The trade was a 0.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 80,415 shares of company stock worth $748,620 in the last quarter. Company insiders own 7.81% of the company's stock.

Institutional Investors Weigh In On Ouster

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of Ouster in the 2nd quarter valued at about $1,305,000. Van ECK Associates Corp purchased a new position in shares of Ouster in the 2nd quarter valued at $56,000. Fairhaven Wealth Management LLC acquired a new stake in shares of Ouster during the second quarter worth about $131,000. Rhumbline Advisers purchased a new position in Ouster during the 2nd quarter worth approximately $598,000. Finally, Ballentine Partners LLC acquired a new position in Ouster during the second quarter worth approximately $101,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

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.