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

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $20.94, for a total value of $837,600.00. Following the completion of the sale, the chief technology officer directly owned 636,882 shares in the company, valued at approximately $13,336,309.08. This represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $23.43, for a total value of $367,593.27.

Ouster Stock Down 8.5%

Shares of NYSE:OUST opened at $17.66 on Friday. The business has a 50 day moving average price of $20.96 and a 200 day moving average price of $24.86. Ouster, Inc. has a twelve month low of $6.34 and a twelve month high of $41.65. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -6.87 and a beta of 2.91.

Institutional Trading of Ouster

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings 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 worth $27,000 after purchasing an additional 1,089 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Ouster by 118.8% in the fourth 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 in the last quarter. Gordian Capital Singapore Pte Ltd raised its stake in shares of Ouster by 38.1% in the third 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 in the last quarter. SHP Wealth Management bought a new position in Ouster in the fourth quarter worth $96,000. Finally, Van ECK Associates Corp lifted its position in Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after purchasing an additional 525 shares during the period. Institutional investors own 31.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on OUST. Oppenheimer reissued an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 target price on shares of Ouster in a research note 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

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.