Lidar sensor co Ouster slides on $200 mln stock sale

Ouster

02/07/2026 12:35

** Lidar sensor maker Ouster's OUST.O shares down 6.7% to $56 before the bell Thurs after $200 mln follow-on priced
** OUST sells ~3.6 mln shares at $55.22
** Offering price represents 8% discount to stock's last sale on Weds
** Co intends to use net offering proceeds for working capital, other general corporate purposes
** Northland Capital Markets sole bookrunner
** San Francisco, California-based OUST has ~63.7 mln shares outstanding
** Through Weds, stock surged 47% over the past week putting it up 177% YTD
** 6 of 7 analysts rate the stock "strong buy" or "buy", 1 "hold"; median PT $42, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))