Ouster (NASDAQ:OUST) CTO Sells $12,822,055.26 in Stock

Ouster, Inc. (NASDAQ:OUST) CTO Mark Frichtl sold 308,742 shares of Ouster stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $41.53, for a total value of $12,822,055.26. Following the completion of the transaction, the chief technology officer directly owned 294,924 shares in the company, valued at $12,248,193.72. This represents a 51.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, May 22nd, Mark Frichtl sold 75,684 shares of Ouster stock. The shares were sold at an average price of $36.80, for a total value of $2,785,171.20.
• 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 value 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 value of $1,400,000.00.
• On Friday, May 15th, Mark Frichtl sold 4,316 shares of Ouster stock. The stock was sold at an average price of $36.00, for a total value of $155,376.00.
• On Tuesday, May 5th, Mark Frichtl sold 13,451 shares of Ouster stock. The stock was 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 shares were sold at an average price of $24.00, for a total value of $480,000.00.

Ouster Stock Up 8.8%

Shares of OUST opened at $46.05 on Friday. The business’s 50 day moving average is $26.69 and its two-hundred day moving average is $23.91. Ouster, Inc. has a 52-week low of $11.44 and a 52-week high of $47.32. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of -47.47 and a beta of 3.06.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OUST. Roth Mkm began coverage on Ouster in a research report on Friday. They issued a “buy” rating and a $75.00 target price on the stock. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Weiss Ratings began coverage on Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating on the stock. Finally, Rosenblatt Securities upped their target price on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ouster currently has a consensus rating of “Hold” and a consensus price target of $48.17.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in Ouster by 2,532.6% during the 2nd 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 grew its stake in Ouster by 118.8% during the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after buying an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its stake in Ouster by 38.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after buying an additional 800 shares during the last quarter. SHP Wealth Management bought a new position in Ouster during the 4th quarter worth $96,000. Finally, Van ECK Associates Corp grew its stake in Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after buying an additional 525 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors.

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.