Mark Frichtl Sells 308,742 Shares of Ouster (NASDAQ:OUST) Stock

Ouster, Inc. (NASDAQ:OUST) CTO Mark Frichtl sold 308,742 shares of the stock in a transaction on Tuesday, May 26th. The stock was 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 owned 294,924 shares of the company’s stock, valued at approximately $12,248,193.72. This trade represents a 51.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, May 22nd, Mark Frichtl sold 75,684 shares of Ouster stock. The stock was 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 stock was sold at an average price of $24.00, for a total value of $480,000.00.

Ouster Trading Down 4.3%

NASDAQ OUST opened at $42.33 on Friday. Ouster, Inc. has a 12 month low of $11.44 and a 12 month high of $45.95. The stock has a market cap of $2.66 billion, a P/E ratio of -43.64 and a beta of 3.06. The stock’s fifty day moving average price is $26.18 and its 200-day moving average price is $23.76.

Hedge Funds Weigh In On Ouster

Institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ouster in the 3rd quarter worth approximately $1,677,000. Hillsdale Investment Management Inc. bought a new position in shares of Ouster in the 3rd quarter worth approximately $3,038,000. Handelsbanken Fonder AB lifted its stake in shares of Ouster by 1,419.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock worth $8,385,000 after purchasing an additional 289,790 shares during the period. SG Americas Securities LLC lifted its stake in shares of Ouster by 43.2% in the 4th quarter. SG Americas Securities LLC now owns 276,578 shares of the company’s stock worth $5,985,000 after purchasing an additional 83,448 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Ouster by 514.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company’s stock worth $5,010,000 after purchasing an additional 155,063 shares during the period. Institutional investors own 31.45% of the company’s stock.

Ouster News Roundup

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Rosenblatt Securities raised its price target on Ouster to $53 from $40 and reiterated a buy rating, reinforcing the view that the stock’s recent run may have more room to continue. Ouster price target raised to $53 at Rosenblatt
• Positive Sentiment: Recent coverage highlighted Ouster’s growing momentum in defense and autonomous technology markets, including a strategic agreement to strengthen counter-drone systems with its digital lidar products. ARGUS Interception and Ouster Announce Strategic Agreement
• Positive Sentiment: Market commentary also pointed to Ouster’s breakout momentum and new highs, suggesting traders are buying into the company’s defense and robotics growth story. Ouster Shares Rise As Defense Push, Analyst Targets Hike Boost Momentum
• Neutral Sentiment: Multiple insiders, including the COO, CTO, and CRO, sold shares recently. While that can create caution, the sales were disclosed and do not necessarily signal a change in the company’s fundamentals. SEC filing for Mark Frichtl SEC filing for Darien Spencer SEC filing for Cyrille Jacquemet
• Negative Sentiment: The insider selling, especially a large CTO sale, may worry some investors who view it as a sign that management is taking profits after the stock’s sharp run-up.

Analysts Set New Price Targets

OUST has been the topic of a number of recent research reports. Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Rosenblatt Securities increased their price objective on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday. Weiss Ratings started coverage on Ouster in a research report on Friday, May 15th. They set a “sell (d-)” rating on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.80.

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.