Ouster (NASDAQ:OUST) Trading Down 6.4% - Time to Sell?

Shares of Ouster, Inc. (NASDAQ:OUST - Get Free Report) were down 6.4% during trading on Wednesday . The stock traded as low as $40.32 and last traded at $40.2560. 717,594 shares changed hands during trading, a decline of 78% from the average session volume of 3,273,558 shares. The stock had previously closed at $42.99.

Analyst Upgrades and Downgrades

• 3 Picks-and-Shovels Stocks Powering the Humanoid Robotics Buildout

Several equities research analysts have commented on the stock. Cantor Fitzgerald downgraded shares of Ouster from an "overweight" rating to a "neutral" rating in a research note on Thursday, May 7th. Rosenblatt Securities reissued a "buy" rating and issued a $53.00 price target on shares of Ouster in a report on Friday, August 7th. Oppenheimer restated an "outperform" rating and issued a $57.00 price objective (up from $42.00) on shares of Ouster in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ouster in a research note on Wednesday, August 12th. Finally, Northland Securities set a $60.00 target price on Ouster and gave the stock an "outperform" rating in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.67.

Read Our Latest Analysis on Ouster

Ouster Trading Down 4.3%

• Ouster Is Breaking Out as a Physical AI Leader: Here's What's Driving the Move

The firm has a market capitalization of $2.97 billion, a P/E ratio of -47.75 and a beta of 3.25. The business has a 50 day moving average of $43.14 and a 200-day moving average of $31.69.

Ouster (NASDAQ:OUST - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.14). Ouster had a negative net margin of 26.02% and a negative return on equity of 17.49%. The company had revenue of $54.63 million during the quarter, compared to the consensus estimate of $51.47 million. On average, analysts anticipate that Ouster, Inc. will post -1.08 EPS for the current fiscal year.

Insider Transactions at Ouster

• 5 Robotics Stocks to Watch as Physical AI Builds Momentum

In other Ouster news, CRO Cyrille Jacquemet sold 9,433 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $40.00, for a total transaction of $377,320.00. Following the completion of the transaction, the executive owned 123,158 shares in the company, valued at approximately $4,926,320. This represents a 7.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kenneth P. Gianella sold 54,337 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $38.82, for a total value of $2,109,362.34. Following the transaction, the chief financial officer owned 301,014 shares of the company's stock, valued at approximately $11,685,363.48. This trade represents a 15.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 554,004 shares of company stock worth $22,582,192. Company insiders own 5.72% of the company's stock.

Institutional Investors Weigh In On Ouster

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System grew its stake in Ouster by 50.3% in the first quarter. California State Teachers Retirement System now owns 79,401 shares of the company's stock valued at $1,459,000 after purchasing an additional 26,574 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Ouster during the 1st quarter worth approximately $2,436,000. Dimensional Fund Advisors LP raised its stake in shares of Ouster by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 483,871 shares of the company's stock worth $8,889,000 after purchasing an additional 32,440 shares in the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of Ouster in the 1st quarter valued at approximately $5,271,000. Finally, Janus Henderson Group PLC grew its stake in shares of Ouster by 706.0% in the first quarter. Janus Henderson Group PLC now owns 177,895 shares of the company's stock valued at $3,268,000 after buying an additional 155,825 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.

Ouster Company Profile

(Get Free Report)

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.

Recommended Stories

• Five stocks we like better than Ouster
• Okta’s AI Tailwind Could Put This Forgotten Software Stock Back in Play
• Datavault AI Locks Down CyberCatch in $94M Security Rollup
• Quantum Stocks Are Starting to Choose Sides: Should Investors Do the Same?
• AeroVironment Hit a Bottom in Q2—Can It Take Flight in Q3?

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.

Should You Invest $1,000 in Ouster Right Now?

Before you consider Ouster, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ouster wasn't on the list.

While Ouster currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here