Ouster (NYSE:OUST) CTO Sells $12,000.00 in Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 400 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $30.00, for a total transaction of $12,000.00. Following the transaction, the chief technology officer directly owned 712,297 shares in the company, valued at approximately $21,368,910. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, April 20th, Mark Frichtl sold 60,000 shares of Ouster stock. The stock was 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 stock was 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 value of $480,000.00.
• On Tuesday, April 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The stock was 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 stock was sold at an average price of $20.94, for a total value of $837,600.00.
• On Thursday, March 12th, Mark Frichtl sold 15,689 shares of Ouster stock. The shares were sold at an average price of $23.43, for a total value of $367,593.27.

Ouster Trading Down 4.9%

OUST traded down $1.35 during trading on Thursday, reaching $26.41. 2,576,442 shares of the company’s stock were exchanged, compared to its average volume of 1,935,453. Ouster, Inc. has a one year low of $7.05 and a one year high of $41.65. The stock has a market capitalization of $1.66 billion, a PE ratio of -10.28 and a beta of 2.98. The firm has a fifty day moving average price of $20.79 and a two-hundred day moving average price of $23.80.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Oppenheimer reissued an “outperform” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.20.

Institutional Trading of Ouster

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of Ouster by 610.1% during the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after acquiring an additional 254,580 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ouster by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock worth $255,000 after buying an additional 2,037 shares during the period. Legal & General Group Plc raised its position in shares of Ouster by 138.2% during the second quarter. Legal & General Group Plc now owns 9,990 shares of the company’s stock worth $242,000 after purchasing an additional 5,796 shares during the period. American Century Companies Inc. raised its holdings in Ouster by 22.0% during the second quarter. American Century Companies Inc. now owns 63,298 shares of the company’s stock worth $1,535,000 after buying an additional 11,416 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Ouster by 1,521.8% during the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after buying an additional 536,413 shares during the last quarter. Institutional investors own 31.45% of the company’s stock.

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.