Ouster (NASDAQ:OUST) Reaches New 12-Month High – Still a Buy?

Ouster, Inc. (NASDAQ:OUST)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.49 and last traded at $54.07, with a volume of 10028296 shares traded. The stock had previously closed at $42.02.

Key Ouster News

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Ouster announced that its Rev8 digital lidar sensors now comply with the Build America, Buy America Act, which opens the door to federally funded infrastructure projects such as smart roads, transit systems, and intelligent transportation networks. Ouster Announces Build America, Buy America Compliance for REV8 OS Digital Lidar Sensors
• Positive Sentiment: Investors are also reacting to a string of growth catalysts, including a strategic agreement with AIM Intelligent Machines, expanded work with FieldAI, and increased manufacturing capacity with Benchmark Electronics for Rev8 sensors. Ouster Is Breaking Out as a Physical AI Leader: Here’s What’s Driving the Move
• Positive Sentiment: The stock has been breaking out on strong momentum tied to the “physical AI” theme, with traders viewing Ouster as a key supplier of lidar perception hardware for robotics, autonomous machines, and smart infrastructure. Ouster stock is surging Monday: What’s driving the action?
• Neutral Sentiment: Recent commentary notes Ouster is trading near 52-week highs and may look extended after its rapid advance, even as analysts cite strong revenue growth and a debt-free balance sheet as support for the rally. Is Ouster Still a Buy at 52-Week High or is it Time to Exit?
• Negative Sentiment: After the recent surge, shares pulled back as investors likely booked profits and reassessed valuation following the sharp move higher. Ouster, Inc. (OUST) Registers a Bigger Fall Than the Market: Important Facts to Note

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OUST. Roth Mkm started coverage on shares of Ouster in a report on Friday, May 29th. They set a “buy” rating and a $75.00 price target for the company. Weiss Ratings assumed coverage on Ouster in a report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Finally, Rosenblatt Securities raised their target price on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.17.

Ouster Price Performance

The firm has a market cap of $3.77 billion, a price-to-earnings ratio of -61.88 and a beta of 3.17. The business’s 50-day moving average price is $37.83 and its two-hundred day moving average price is $27.46.

Ouster (NASDAQ:OUST) last announced its earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). Ouster had a negative return on equity of 21.49% and a negative net margin of 30.12%.The firm had revenue of $48.58 million for the quarter, compared to analyst estimates of $46.15 million. During the same quarter last year, the business posted ($0.42) EPS. As a group, sell-side analysts forecast that Ouster, Inc. will post -1.05 earnings per share for the current year.

Insiders Place Their Bets

In other Ouster news, CEO Charles Angus Pacala sold 29,797 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $38.82, for a total value of $1,156,719.54. Following the sale, the chief executive officer directly owned 1,072,201 shares of the company’s stock, valued at approximately $41,622,842.82. This trade represents a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Darien Spencer sold 30,000 shares of Ouster stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $45.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief operating officer owned 342,366 shares of the company’s stock, valued at $15,406,470. This trade represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 910,591 shares of company stock valued at $32,578,780. 5.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ouster

A number of institutional investors have recently bought and sold shares of OUST. NewEdge Advisors LLC raised its stake in Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after purchasing an additional 1,089 shares during the period. Larson Financial Group LLC raised its position in shares of Ouster by 118.8% in the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after buying an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd boosted its holdings in Ouster by 38.1% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after acquiring an additional 800 shares during the last quarter. SHP Wealth Management purchased a new stake in Ouster during the fourth quarter valued at about $96,000. Finally, Van ECK Associates Corp grew its position in Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after acquiring an additional 525 shares during the period. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.