Ouster (NYSE:OUST) CTO Mark Frichtl Sells 15,689 Shares of Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 15,689 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total value of $367,593.27. Following the sale, the chief technology officer directly owned 636,882 shares in the company, valued at approximately $14,922,145.26. The trade was a 2.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ouster Stock Performance

Shares of NYSE OUST opened at $21.30 on Tuesday. Ouster, Inc. has a 1 year low of $6.34 and a 1 year high of $41.65. The firm has a market cap of $1.28 billion, a P/E ratio of -8.29 and a beta of 2.91. The stock has a fifty day moving average price of $22.18 and a two-hundred day moving average price of $25.31.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of Ouster by 610.1% during the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock worth $2,661,000 after purchasing an additional 254,580 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ouster by 7.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock valued at $255,000 after purchasing an additional 2,037 shares during the period. Geode Capital Management LLC increased its stake in Ouster by 8.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company’s stock worth $28,876,000 after purchasing an additional 95,510 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in Ouster by 40.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,242 shares of the company’s stock worth $297,000 after buying an additional 3,543 shares during the period. Finally, Creative Planning raised its holdings in Ouster by 13.6% during the 2nd quarter. Creative Planning now owns 43,004 shares of the company’s stock worth $1,043,000 after buying an additional 5,135 shares during the period. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OUST shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer restated an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.17.

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.