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

Ouster, Inc. (NYSE:OUST) was the recipient of unusually large options trading on Friday. Investors purchased 4,357 call options on the stock. This is an increase of approximately 119% compared to the typical volume of 1,986 call options.

Analyst Upgrades and Downgrades

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

Ouster Price Performance

OUST stock opened at $11.05 on Friday. The company has a market cap of $549.97 million, a P/E ratio of -4.30 and a beta of 2.38. Ouster has a 1 year low of $4.91 and a 1 year high of $16.88. The stock’s fifty day moving average price is $9.40 and its 200-day moving average price is $8.92.

Hedge Funds Weigh In On Ouster

A number of institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its holdings in Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after purchasing an additional 1,063 shares during the period. Bank of New York Mellon Corp raised its holdings in Ouster by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company’s stock valued at $1,246,000 after acquiring an additional 1,074 shares during the period. Invesco Ltd. increased its holdings in shares of Ouster by 7.3% in the fourth quarter. Invesco Ltd. now owns 20,575 shares of the company’s stock worth $251,000 after purchasing an additional 1,391 shares during the last quarter. Fox Run Management L.L.C. increased its holdings in shares of Ouster by 4.9% in the fourth quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company’s stock worth $385,000 after purchasing an additional 1,463 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ouster by 10.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company’s stock worth $321,000 after purchasing an additional 2,542 shares during the last quarter. 31.45% of the stock is owned by 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.