Janus Henderson Group PLC lifted its position in shares of Ouster, Inc. (NASDAQ:OUST – Free Report) by 706.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,895 shares of the company’s stock after purchasing an additional 155,825 shares during the period. Janus Henderson Group PLC’s holdings in Ouster were worth $3,268,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Bastion Asset Management Inc. acquired a new position in Ouster during the first quarter worth approximately $5,271,000. UBS Group AG boosted its holdings in shares of Ouster by 67.7% in the fourth quarter. UBS Group AG now owns 301,469 shares of the company’s stock valued at $6,524,000 after acquiring an additional 121,708 shares during the period. Sei Investments Co. grew its position in shares of Ouster by 87.8% during the first quarter. Sei Investments Co. now owns 193,818 shares of the company’s stock worth $3,560,000 after acquiring an additional 90,597 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in shares of Ouster during the first quarter worth approximately $704,000. Finally, Patten Group Inc. acquired a new position in shares of Ouster in the 1st quarter valued at $212,000. 31.45% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms recently commented on OUST. Citigroup reiterated an “outperform” rating on shares of Ouster in a research report on Tuesday, July 21st. Weiss Ratings assumed coverage on shares of Ouster in a research note on Friday, May 15th. They issued a “sell (d-)” rating on the stock. Northland Securities set a $60.00 target price on shares of Ouster and gave the company an “outperform” rating in a report on Tuesday, July 21st. Roth Capital started coverage on Ouster in a report on Friday, May 29th. They set a “buy” rating and a $75.00 price target on the stock. Finally, Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Six equities research 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.67.
Ouster News Summary
Here are the key news stories impacting Ouster this week:
- Positive Sentiment: Second-quarter revenue rose 56% year over year to $54.63 million, exceeding analyst expectations of $51.47 million. Record sensor shipments, demand for the Rev8 lidar platform and smart-infrastructure projects supported the growth. Ouster Q2 Earnings Surpass Expectations on Sensor Growth
- Positive Sentiment: Management highlighted the Rev8 production ramp, expansion of its BlueCity smart-infrastructure business and rising robotics demand. The company said it remains well positioned for longer-term “physical AI” applications. OUST Q2 Earnings Call Focuses on Rev8 Ramp and Robotics Demand
- Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and maintained a $53 price target, implying meaningful upside from recent trading levels. The broader analyst consensus remains “Moderate Buy,” with an average target of $54.67. Rosenblatt Securities Rating
- Neutral Sentiment: Ouster left its full-year revenue expectations unchanged. This signals continued confidence in the longer-term outlook but provides no upward revision to estimates after the quarter.
- Negative Sentiment: Ouster reported a second-quarter loss of $0.26 per share. While one data source characterized the result as better than its $0.31 loss estimate, other consensus figures cited a $0.12 expected loss, making the earnings reaction mixed. The company remains unprofitable, with a negative net margin.
- Negative Sentiment: Third-quarter revenue guidance of $54.5 million to $57.5 million is slightly below the $57.7 million analyst consensus, potentially raising concerns about the pace of growth.
- Negative Sentiment: COO Darien Spencer sold 30,000 shares worth approximately $1.35 million, reducing his holdings by 9.1%. The sale may add modest pressure to investor sentiment, although it does not necessarily indicate a change in business fundamentals. Ouster COO Stock Sale
Insider Buying and Selling
In other news, CFO Kenneth P. Gianella sold 54,337 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $38.82, for a total transaction of $2,109,362.34. Following the transaction, the chief financial officer directly owned 301,014 shares in the company, valued at $11,685,363.48. The trade was a 15.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Charles Angus Pacala sold 29,797 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 transaction of $1,156,719.54. Following the transaction, the chief executive officer directly owned 1,072,201 shares of the company’s stock, valued at $41,622,842.82. This represents a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 744,754 shares of company stock worth $28,929,859. 5.72% of the stock is currently owned by insiders.
Ouster Price Performance
Ouster stock opened at $43.40 on Friday. The business has a 50 day simple moving average of $42.80 and a 200-day simple moving average of $30.65. Ouster, Inc. has a 12 month low of $16.40 and a 12 month high of $63.79. The stock has a market capitalization of $2.73 billion, a PE ratio of -50.46 and a beta of 3.24.
Ouster (NASDAQ:OUST – Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $51.47 million. Ouster had a negative net margin of 26.02% and a negative return on equity of 19.33%. As a group, equities research analysts anticipate that Ouster, Inc. will post -1.03 EPS for the current year.
About Ouster
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.
Featured Articles
- Five stocks we like better than Ouster
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Want to see what other hedge funds are holding OUST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ouster, Inc. (NASDAQ:OUST – Free Report).
Receive News & Ratings for Ouster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ouster and related companies with MarketBeat.com's FREE daily email newsletter.
