Ouster (NYSE:OUST) CTO Mark Frichtl Sells 21,149 Shares of Stock

Ouster, Inc. (NYSE:OUSTGet Free Report) CTO Mark Frichtl sold 21,149 shares of Ouster stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $30.13, for a total value of $637,219.37. Following the completion of the sale, the chief technology officer owned 712,297 shares of the company’s stock, valued at approximately $21,461,508.61. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $30.00, for a total value of $403,530.00.
  • 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 shares were 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 Stock Up 2.8%

NYSE OUST opened at $29.40 on Thursday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -11.44 and a beta of 3.06. Ouster, Inc. has a 52 week low of $8.08 and a 52 week high of $41.65. The business has a 50 day moving average price of $22.18 and a 200-day moving average price of $23.46.

Key Stories Impacting Ouster

Here are the key news stories impacting Ouster this week:

Institutional Trading of Ouster

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in shares of Ouster by 2,532.6% during the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares during the period. Larson Financial Group LLC raised its stake in shares of Ouster by 118.8% during the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after purchasing an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd raised its stake in shares of Ouster by 38.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after purchasing an additional 800 shares during the period. Van ECK Associates Corp raised its stake in shares of Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares during the period. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Ouster during the 3rd quarter valued at $120,000. 31.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OUST shares. Oppenheimer restated an “outperform” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Four equities 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, the company currently has an average rating of “Moderate Buy” and an average target price of $40.20.

Read Our Latest Research Report on OUST

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.

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

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