Insider Selling: Ouster (NYSE:OUST) CTO Sells $637,219.37 in Stock

Ouster, Inc. (NYSE:OUSTGet Free Report) CTO Mark Frichtl sold 21,149 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $30.13, for a total transaction of $637,219.37. Following the transaction, the chief technology officer directly owned 712,297 shares of the company’s stock, valued at $21,461,508.61. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • 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 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.
  • 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 transaction of $367,593.27.

Ouster Trading Up 2.8%

Shares of Ouster stock opened at $25.20 on Friday. Ouster, Inc. has a 12-month low of $9.22 and a 12-month high of $41.65. The stock has a market cap of $1.58 billion, a PE ratio of -9.81 and a beta of 3.06. The company has a 50-day moving average of $22.30 and a two-hundred day moving average of $23.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OUST. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ouster during the third quarter worth approximately $1,677,000. SG Americas Securities LLC acquired a new stake in Ouster during the third quarter worth approximately $5,224,000. Hillsdale Investment Management Inc. acquired a new stake in Ouster during the third quarter worth approximately $3,038,000. Handelsbanken Fonder AB boosted its position in Ouster by 1,419.5% during the third quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock worth $8,385,000 after acquiring an additional 289,790 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Ouster by 514.6% during the third quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company’s stock worth $5,010,000 after acquiring an additional 155,063 shares during the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on OUST. Oppenheimer reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.20.

Get Our Latest Stock Analysis on OUST

Key Headlines Impacting Ouster

Here are the key news stories impacting Ouster this week:

About Ouster

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Ouster (NYSE:OUST)

Receive News & Ratings for Ouster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ouster and related companies with MarketBeat.com's FREE daily email newsletter.