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

Ouster, Inc. (NYSE:OUST) saw unusually large options trading on Friday. Traders purchased 4,357 call options on the stock. This represents an increase of 119% compared to the average volume of 1,986 call options.

Hedge Funds Weigh In On Ouster

A number of large investors have recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of Ouster by 280.6% during the 3rd quarter. Barclays PLC now owns 57,330 shares of the company’s stock valued at $361,000 after buying an additional 42,267 shares during the period. Geode Capital Management LLC boosted its stake in shares of Ouster by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after buying an additional 62,202 shares during the period. Stifel Financial Corp boosted its stake in shares of Ouster by 286.7% during the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock valued at $376,000 after buying an additional 44,275 shares during the period. State Street Corp boosted its stake in shares of Ouster by 2.4% during the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after buying an additional 37,926 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Ouster by 6.6% during the 4th quarter. Rhumbline Advisers now owns 79,191 shares of the company’s stock valued at $968,000 after purchasing an additional 4,900 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Price Performance

NYSE OUST traded up $2.20 on Friday, hitting $10.58. 3,871,444 shares of the stock were exchanged, compared to its average volume of 1,336,236. The company’s 50-day moving average price is $9.41 and its two-hundred day moving average price is $8.90. Ouster has a 52-week low of $4.91 and a 52-week high of $16.88. The company has a market capitalization of $526.43 million, a price-to-earnings ratio of -4.07 and a beta of 2.38.

Analysts Set New Price Targets

Several research analysts have recently commented on OUST shares. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Ouster in a research report on Friday. Northland Securities began coverage on shares of Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective for the company. Westpark Capital started coverage on Ouster in a research report on Monday. They set a “hold” rating on the stock. Cantor Fitzgerald lifted their target price on Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

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.