Mark Frichtl Sells 40,000 Shares of Ouster (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 40,000 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $20.94, for a total value of $837,600.00. Following the transaction, the chief technology officer directly owned 636,882 shares of the company’s stock, valued at $13,336,309.08. The trade was a 5.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Price Performance

Shares of NYSE:OUST opened at $17.66 on Monday. Ouster, Inc. has a 1 year low of $6.34 and a 1 year high of $41.65. The firm has a market capitalization of $1.11 billion, a PE ratio of -6.87 and a beta of 2.91. The business’s 50 day moving average price is $20.96 and its 200-day moving average price is $24.81.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Ouster

Several hedge funds and other institutional investors have recently bought and sold shares of OUST. Corient Private Wealth LLC acquired a new position in Ouster in the 4th quarter valued at about $246,000. SHP Wealth Management purchased a new stake in shares of Ouster during the 4th quarter valued at approximately $96,000. Invesco Ltd. raised its position in shares of Ouster by 17.8% during the 4th quarter. Invesco Ltd. now owns 74,739 shares of the company’s stock valued at $1,617,000 after buying an additional 11,281 shares during the period. Empowered Funds LLC acquired a new position in Ouster in the fourth quarter valued at approximately $247,000. Finally, Quadrature Capital Ltd acquired a new position in Ouster in the fourth quarter valued at approximately $323,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

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.