Ouster, Inc. (NASDAQ:OUST) shares are trading lower on Tuesday after the lidar company closed its underwritten public offering of 3,621,876 common shares at $55.22 per share, raising approximately $191.9 million in net proceeds. The offering also came amid a broader 3.43% decline in the technology sector that weighed on the S&P 500 and Nasdaq.
The San Francisco-based technology company said it will use the proceeds for working capital and general corporate purposes. Northland Securities served as the underwriter and received a 30-day option to purchase up to 543,281 additional shares to cover over-allotments.
The selloff likely reflects investor concerns about dilution following the share issuance.
Ouster shares had recently climbed near their 52-week high of $63.79 after the company’s Rev8 digital lidar sensors became compliant with the Build America, Buy America Act, making them eligible for federally funded infrastructure projects. The capital raise appears to have prompted some investors to lock in gains.
OUST Technical Analysis: Key Support, Resistance And Momentum
The stock’s current price of $44.26 is trading about 1.4% below its 20-day simple moving average (SMA) of $45.54, while it remains significantly above its 50-day SMA of $38.50 by 16.6%.
The relative strength index (RSI) is currently at 49.81, indicating neutral momentum and suggesting the stock is neither overbought nor oversold.
- Key Resistance: $49.50 — a nearby level where rebounds can stall.
- Key Support: $39.00 — a nearby level where buyers previously stepped in.
OUST Earnings Preview: Next Update Date And Analyst Estimates
Ouster, Inc. is slated to provide its next financial update on August 6, 2026 (estimated).
- EPS Estimate: Loss of 17 cents (Up from Loss of 38 cents)
- Revenue Estimate: $50.86 million (Up from $35.05 million)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $41.50. Recent analyst moves include:
- Rosenblatt: Buy (Raises Target to $53.00) (May 27)
- Amerx: Initiated with Buy (Target $43.00) (May 11)
- Cantor Fitzgerald: Downgraded to Neutral (May 7)
OUST ETF Exposure: Funds With Notable Holdings
- SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP): 0.78% Weight
- Russell US Small Cap Equity Active ETF (NASDAQ:RUSC): 0.55% Weight
- Russell Global Infrastructure Active ETF (NASDAQ:RIFR): 0.60% Weight
Significance: Because OUST carries meaningful weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
OUST Stock Price Action
Ouster shares were down 10.83% at $44.44 at the time of publication on Tuesday, according to Benzinga Pro data.
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