Ouster Sees Unusually Large Options Volume (NYSE:OUST)

Ouster, Inc. (NYSE:OUST - Get Free Report) was the recipient of some unusual options trading on Friday. Stock traders purchased 4,357 call options on the stock. This represents an increase of approximately 119% compared to the typical daily volume of 1,986 call options.

Analysts Set New Price Targets

Several research analysts have recently commented on OUST shares. Westpark Capital began coverage on Ouster in a research note on Monday, March 17th. They set a "hold" rating for the company. Northland Securities initiated coverage on shares of Ouster in a research report on Thursday, December 12th. They issued an "outperform" rating and a $14.00 price objective on the stock. Northland Capmk upgraded shares of Ouster to a "strong-buy" rating in a research note on Thursday, December 12th. Rosenblatt Securities restated a "buy" rating and set a $17.00 price objective on shares of Ouster in a research report on Friday. Finally, Cantor Fitzgerald upped their target price on Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.33.

Ouster Stock Up 5.3 %

Shares of OUST traded up $0.59 during mid-day trading on Monday, hitting $11.64. 2,117,939 shares of the company's stock were exchanged, compared to its average volume of 1,362,138. The firm has a market cap of $579.33 million, a price-to-earnings ratio of -4.53 and a beta of 2.38. The stock's 50-day simple moving average is $9.40 and its 200-day simple moving average is $8.96. Ouster has a 52 week low of $4.92 and a 52 week high of $16.88.

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Hedge Funds Weigh In On Ouster

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC grew its holdings in shares of Ouster by 146.2% during the 4th quarter. Squarepoint Ops LLC now owns 127,082 shares of the company's stock worth $1,553,000 after purchasing an additional 75,470 shares in the last quarter. ProShare Advisors LLC lifted its position in Ouster by 52.4% during the fourth quarter. ProShare Advisors LLC now owns 21,136 shares of the company's stock worth $258,000 after purchasing an additional 7,267 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ouster by 10.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company's stock worth $321,000 after buying an additional 2,542 shares in the last quarter. Graham Capital Management L.P. increased its holdings in Ouster by 10.1% in the 4th quarter. Graham Capital Management L.P. now owns 63,228 shares of the company's stock valued at $773,000 after buying an additional 5,787 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Ouster by 30.8% in the 4th quarter. Deutsche Bank AG now owns 31,137 shares of the company's stock valued at $380,000 after buying an additional 7,329 shares in the last quarter. Institutional investors own 31.45% of the company's stock.

About Ouster

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.