Ouster (NYSE:OUST) CTO Mark Frichtl Sells 4,316 Shares

Ouster, Inc. (NYSE:OUSTGet Free Report) CTO Mark Frichtl sold 4,316 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $36.00, for a total transaction of $155,376.00. Following the completion of the transaction, the chief technology officer owned 628,638 shares of the company’s stock, valued at approximately $22,630,968. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 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 stock was 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 stock was 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 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 stock was 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 stock was 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.
  • 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.

Ouster Stock Performance

Shares of NYSE:OUST opened at $34.86 on Friday. Ouster, Inc. has a fifty-two week low of $9.77 and a fifty-two week high of $41.65. The business has a 50-day simple moving average of $23.50 and a two-hundred day simple moving average of $23.42. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -13.56 and a beta of 3.06.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OUST. Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Ouster has an average rating of “Moderate Buy” and an average target price of $40.20.

Check Out Our Latest Research Report on OUST

Hedge Funds Weigh In On Ouster

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Ouster by 11.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after buying an additional 478,372 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Ouster by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 1,421,130 shares of the company’s stock valued at $30,758,000 after buying an additional 118,132 shares during the period. Penn Capital Management Company LLC lifted its holdings in shares of Ouster by 24.1% during the 4th quarter. Penn Capital Management Company LLC now owns 775,297 shares of the company’s stock valued at $16,817,000 after buying an additional 150,337 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Ouster by 130.7% in the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after purchasing an additional 405,441 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after purchasing an additional 536,413 shares in the last quarter. 31.45% of the stock is owned by institutional investors.

Ouster Company Profile

(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.

Recommended Stories

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.