Insider Selling: Ouster (NASDAQ:OUST) CTO Sells $2,785,171.20 in Stock

Ouster, Inc. (NASDAQ:OUST) CTO Mark Frichtl sold 75,684 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $36.80, for a total transaction of $2,785,171.20. Following the sale, the chief technology officer owned 603,666 shares of the company’s stock, valued at approximately $22,214,908.80. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, May 26th, Mark Frichtl sold 308,742 shares of Ouster stock. The shares were sold at an average price of $41.53, for a total transaction of $12,822,055.26.
• On Wednesday, May 13th, Mark Frichtl sold 136,434 shares of Ouster stock. The stock was 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 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 stock was 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 stock was 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 stock was sold at an average price of $24.00, for a total value of $480,000.00.

Ouster Price Performance

OUST opened at $46.05 on Friday. Ouster, Inc. has a fifty-two week low of $11.44 and a fifty-two week high of $47.32. The business has a 50-day moving average of $26.69 and a 200-day moving average of $23.91. The company has a market capitalization of $2.89 billion, a PE ratio of -47.47 and a beta of 3.06.

Institutional Trading of Ouster

Large investors have recently modified their holdings of the company. Bank of America Corp DE grew its stake in Ouster by 114.6% in the 1st quarter. Bank of America Corp DE now owns 217,390 shares of the company’s stock valued at $3,993,000 after buying an additional 116,096 shares during the last quarter. Janus Henderson Group PLC lifted its position in Ouster by 706.0% during the 1st quarter. Janus Henderson Group PLC now owns 177,895 shares of the company’s stock worth $3,268,000 after acquiring an additional 155,825 shares during the last quarter. Amundi lifted its position in Ouster by 40.1% during the 1st quarter. Amundi now owns 21,921 shares of the company’s stock worth $403,000 after acquiring an additional 6,278 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Ouster by 50.3% during the first quarter. California State Teachers Retirement System now owns 79,401 shares of the company’s stock valued at $1,459,000 after acquiring an additional 26,574 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Ouster by 34.4% in the first quarter. Royal Bank of Canada now owns 5,888 shares of the company’s stock valued at $108,000 after purchasing an additional 1,507 shares during the last quarter. 31.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OUST has been the subject of a number of analyst reports. Weiss Ratings initiated coverage on shares of Ouster in a research note on Friday, May 15th. They issued a “sell (d-)” rating for the company. Oppenheimer restated an “outperform” rating and set a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities lifted their price objective on shares of Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday. Roth Mkm assumed coverage on shares of Ouster in a report on Friday. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.17.

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.