Ouster (NYSE:OUST) CTO Mark Frichtl Sells 136,434 Shares

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 136,434 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $32.56, for a total value of $4,442,291.04. Following the transaction, the chief technology officer directly owned 628,638 shares in the company, valued at $20,468,453.28. This trade represents a 17.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Mark Frichtl also recently made the following trade(s):

• On Thursday, May 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The stock was sold at an average price of $35.00, for a total value of $1,400,000.00.
• On Friday, May 15th, Mark Frichtl sold 4,316 shares of Ouster stock. The shares were sold at an average price of $36.00, for a total transaction of $155,376.00.
• On Tuesday, May 5th, Mark Frichtl sold 13,451 shares of Ouster stock. The shares were sold at an average price of $30.00, for a total transaction of $403,530.00.
• On Monday, May 4th, Mark Frichtl sold 21,149 shares of Ouster stock. The shares were sold at an average price of $30.13, for a total transaction of $637,219.37.
• On Wednesday, April 22nd, Mark Frichtl sold 400 shares of Ouster stock. The shares were sold at an average price of $30.00, for a total transaction of $12,000.00.
• On Monday, April 20th, Mark Frichtl sold 60,000 shares of Ouster stock. The shares were sold at an average price of $26.58, for a total transaction of $1,594,800.00.
• On Friday, April 17th, Mark Frichtl sold 30,000 shares of Ouster stock. The shares were sold at an average price of $25.15, for a total transaction of $754,500.00.
• On Wednesday, April 15th, Mark Frichtl sold 20,000 shares of Ouster stock. The shares were sold at an average price of $24.00, for a total transaction of $480,000.00.
• On Tuesday, April 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The shares were sold at an average price of $22.76, for a total transaction of $910,400.00.
• On Wednesday, March 25th, Mark Frichtl sold 40,000 shares of Ouster stock. The shares were sold at an average price of $20.94, for a total transaction of $837,600.00.

Ouster Price Performance

Ouster stock remained flat at $34.86 during mid-day trading on Friday. The company had a trading volume of 6,900,051 shares, compared to its average volume of 2,435,518. The business has a 50-day moving average price of $23.25 and a two-hundred day moving average price of $23.34. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -13.56 and a beta of 3.06. Ouster, Inc. has a 52 week low of $9.77 and a 52 week high of $41.65.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OUST. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Finally, Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in shares of 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 buying an additional 1,089 shares during the period. Larson Financial Group LLC boosted its position in shares of Ouster by 118.8% during the fourth 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% during the 3rd 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 period. SHP Wealth Management acquired a new position in Ouster in the 4th quarter valued at about $96,000. Finally, Van ECK Associates Corp grew its position in Ouster by 17.1% in the 3rd 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 in the last quarter. 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.