Ouster (NASDAQ:OUST) CTO Mark Frichtl Sells 75,684 Shares

Ouster, Inc. (NASDAQ:OUSTGet Free Report) CTO Mark Frichtl sold 75,684 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $36.80, for a total value of $2,785,171.20. Following the sale, the chief technology officer directly owned 603,666 shares of the company’s stock, valued at approximately $22,214,908.80. This trade represents a 11.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Tuesday, May 26th, Mark Frichtl sold 308,742 shares of Ouster stock. The stock was sold at an average price of $41.53, for a total value of $12,822,055.26.
  • 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 stock was sold at an average price of $24.00, for a total value of $480,000.00.

Ouster Trading Up 3.6%

Shares of OUST traded up $1.53 during midday trading on Wednesday, reaching $44.23. 5,669,402 shares of the company were exchanged, compared to its average volume of 2,701,451. The stock has a 50-day moving average price of $25.30 and a 200-day moving average price of $23.50. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -45.60 and a beta of 3.06. Ouster, Inc. has a 1-year low of $10.60 and a 1-year high of $45.95.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OUST. Invesco Ltd. lifted its stake in shares of Ouster by 1,521.8% in the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after acquiring an additional 536,413 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Ouster in the first quarter worth about $8,915,000. Vanguard Group Inc. lifted its stake in shares of Ouster by 11.3% in the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock worth $127,683,000 after acquiring an additional 478,372 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Ouster by 130.7% in the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after acquiring an additional 405,441 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in Ouster by 517.5% during the fourth quarter. Squarepoint Ops LLC now owns 401,727 shares of the company’s stock valued at $8,693,000 after buying an additional 336,673 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on OUST shares. Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Oppenheimer reiterated an “outperform” rating and issued a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Weiss Ratings started coverage on Ouster in a research note on Friday, May 15th. They issued a “sell (d-)” rating on the stock. Finally, Rosenblatt Securities boosted their price target on Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday. Three equities research 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, the company currently has an average rating of “Hold” and an average price target of $42.80.

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Key Ouster News

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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.

Further Reading

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

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