Ouster (NYSE:OUST) CTO Sells $637,219.37 in Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 21,149 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $30.13, for a total value of $637,219.37. Following the sale, the chief technology officer owned 712,297 shares of the company’s stock, valued at approximately $21,461,508.61. The trade was a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 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.
• On Tuesday, April 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The stock was 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 stock was sold at an average price of $20.94, for a total value of $837,600.00.
• 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 Up 2.8%

Shares of Ouster stock traded up $0.80 during trading on Wednesday, reaching $29.40. 6,032,228 shares of the company were exchanged, compared to its average volume of 2,077,959. Ouster, Inc. has a twelve month low of $8.08 and a twelve month high of $41.65. The business has a 50-day moving average price of $21.95 and a 200-day moving average price of $23.48. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -11.44 and a beta of 3.06.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OUST shares. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bastion Asset Management Inc. acquired a new position in Ouster in the first quarter valued at about $5,271,000. Hillsdale Investment Management Inc. grew its stake in Ouster by 6.4% in the first quarter. Hillsdale Investment Management Inc. now owns 118,720 shares of the company’s stock valued at $2,181,000 after acquiring an additional 7,100 shares during the period. 180 Wealth Advisors LLC grew its stake in Ouster by 20.3% in the first quarter. 180 Wealth Advisors LLC now owns 59,074 shares of the company’s stock valued at $1,085,000 after acquiring an additional 9,952 shares during the period. Kornitzer Capital Management Inc. KS acquired a new position in Ouster in the first quarter valued at about $704,000. Finally, Leonteq Securities AG boosted its position in shares of Ouster by 45.6% during the first quarter. Leonteq Securities AG now owns 8,136 shares of the company’s stock worth $149,000 after buying an additional 2,549 shares during the period. 31.45% of the stock is owned by institutional investors and hedge funds.

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.