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

Ouster, Inc. (NASDAQ:OUST) CTO Mark Frichtl sold 75,684 shares of Ouster stock in a transaction on 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 completion of the transaction, the chief technology officer owned 603,666 shares in the company, valued at $22,214,908.80. The trade was a 11.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

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

Ouster Trading Down 4.3%

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

Key Ouster News

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.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after acquiring an additional 525 shares during the last quarter. Main Management ETF Advisors LLC increased its position in shares of Ouster by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company’s stock worth $1,186,000 after acquiring an additional 560 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Ouster by 5.5% in the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock valued at $280,000 after buying an additional 599 shares during the last quarter. Prosperity Wealth Management Inc. increased its holdings in Ouster by 5.5% in the third quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock valued at $352,000 after buying an additional 675 shares during the last quarter. Finally, Creative Planning increased its holdings in Ouster by 1.6% in the third quarter. Creative Planning now owns 43,681 shares of the company’s stock valued at $1,182,000 after buying an additional 677 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

About Ouster

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.