Ouster, Inc.
In the published model solve dated 2026-Q2, anchored at $45.05, Ouster, Inc. (OUST) is priced for today's economics sustained for ~34.1 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
- No valuation family reaches the price. At $46.60 the stock trades at roughly 17x revenue, well above the asset floor near $4.50, the peer-multiple read near $7.50, and the forward-growth marks. The entire price is a bet on a future that has not arrived. - The business is still pre-profit and burning. Trailing operating income is negative, the operating margin is about -37%, and the company funds itself from a roughly $175 million cash pile with no debt. Survival is not the question; the questi
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216 institutional managers reported holding OUST in 13F filings for the quarter ended 2026-03-31. Together they hold about 48% of the company; the top 10 hold 29%. 40 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 5.2M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (1.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
OUST's share count grew 296.5% over the past five years even with $47k spent on repurchases. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at OUST over the trailing three years: 2023: 7 buys totaling $595k; 2024: 10 buys totaling $1.21M; 2026: 1 buy totaling $136k. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
OUST's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-15 | +30.6% | -30.6% |
| 2023-11-14 | +12.6% | +19.8% |
| 2024-03-29 | +34.3% | +47.4% |
| 2024-05-14 | +25.8% | +36.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
OUST's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-07-06 (items 8.01, 9.01); 2026-06-18 (items 5.03, 5.07, 9.01); 2026-05-08 (items 8.01, 9.01); 2026-05-05 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.