Ouster (NYSE:OUST) CTO Sells $155,376.00 in Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 4,316 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $36.00, for a total transaction of $155,376.00. Following the transaction, the chief technology officer owned 628,638 shares in the company, valued at approximately $22,630,968. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, May 13th, Mark Frichtl sold 136,434 shares of Ouster stock. The shares were sold at an average price of $32.56, for a total transaction of $4,442,291.04.
• On Thursday, May 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The shares were sold at an average price of $35.00, for a total transaction of $1,400,000.00.
• 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $837,600.00.

Ouster Price Performance

Ouster stock remained flat at $34.86 during trading hours on Friday. The company’s stock had a trading volume of 6,900,051 shares, compared to its average volume of 2,435,518. The firm’s 50-day moving average price is $23.25 and its 200 day moving average price is $23.34. The firm has a market capitalization of $2.19 billion, a PE ratio of -13.56 and a beta of 3.06. Ouster, Inc. has a twelve month low of $9.77 and a twelve month high of $41.65.

Analyst Ratings Changes

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

Institutional Trading of Ouster

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in shares of Ouster by 2,532.6% in 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 last quarter. Larson Financial Group LLC raised its holdings in 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 purchasing an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd raised its holdings in Ouster by 38.1% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after purchasing an additional 800 shares during the period. SHP Wealth Management acquired a new position in Ouster in the 4th quarter worth about $96,000. Finally, Van ECK Associates Corp raised its holdings in Ouster by 17.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after purchasing an additional 525 shares during the period. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Company Profile

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.