Insider Selling: Ouster (NYSE:OUST) CTO Sells 40,000 Shares of Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $35.00, for a total value of $1,400,000.00. Following the sale, the chief technology officer owned 628,638 shares of the company’s stock, valued at approximately $22,002,330. This represents a 5.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 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 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.
• On Tuesday, April 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The shares were sold at an average price of $22.76, for a total value of $910,400.00.
• On Wednesday, March 25th, Mark Frichtl sold 40,000 shares of Ouster stock. The shares were sold at an average price of $20.94, for a total value of $837,600.00.

Ouster Stock Performance

NYSE OUST remained flat at $34.86 on Friday. The company’s stock had a trading volume of 6,900,051 shares, compared to its average volume of 2,435,518. The stock’s fifty day moving average is $23.25 and its two-hundred day moving average is $23.34. Ouster, Inc. has a 52-week low of $9.77 and a 52-week high of $41.65. The stock has a market capitalization of $2.19 billion, a P/E ratio of -13.56 and a beta of 3.06.

Analyst Ratings Changes

OUST has been the topic of a number of research reports. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Oppenheimer reissued an “outperform” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Institutional Investors Weigh In On Ouster

A number of large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its position in 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 buying an additional 525 shares in the last quarter. Main Management ETF Advisors LLC grew its position in 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 buying an additional 560 shares in the last quarter. Corient Private Wealth LLC grew its position in Ouster by 5.5% during the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock worth $280,000 after buying an additional 599 shares in the last quarter. Prosperity Wealth Management Inc. grew its position in Ouster by 5.5% during the third quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock worth $352,000 after buying an additional 675 shares in the last quarter. Finally, Creative Planning grew its position in Ouster by 1.6% during the third quarter. Creative Planning now owns 43,681 shares of the company’s stock worth $1,182,000 after buying an additional 677 shares in 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.