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

Ouster, Inc. (NASDAQ:OUST) CTO Mark Frichtl sold 308,742 shares of the business’s stock in a transaction that occurred 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 transaction, the chief technology officer owned 294,924 shares in the company, valued at $12,248,193.72. The trade was a 51.14% decrease in their position. The transaction was disclosed in a document filed 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $480,000.00.

Ouster Trading Up 3.6%

OUST stock opened at $44.23 on Thursday. The firm has a 50 day moving average of $25.76 and a 200-day moving average of $23.64. Ouster, Inc. has a 12-month low of $10.60 and a 12-month high of $45.95. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -45.60 and a beta of 3.06.

Ouster News Summary

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Ouster announced a strategic agreement with ARGUS Interception to strengthen counter-drone systems using its digital lidar technology, reinforcing its presence in the defense and autonomous systems markets. ARGUS Interception and Ouster Announce Strategic Agreement to Strengthen the Precision and Reliability of Counter-UAS Systems with Digital Lidar
• Positive Sentiment: Rosenblatt Securities raised its price target on Ouster to $53 from $40 and reiterated a buy rating, signaling higher confidence in the stock’s growth outlook. Ouster price target raised to $53 at Rosenblatt
• Positive Sentiment: Additional coverage highlighted Ouster’s momentum in defense and autonomous technology, helping fuel buying interest and pushing the stock to a multi-year high. Ouster Shares Rise As Defense Push, Analyst Targets Hike Boost Momentum
• Neutral Sentiment: The company’s COO, CTO, and CRO all disclosed stock sales, including a large sale by CTO Mark Frichtl, which may raise some caution about insider confidence, though the sales do not necessarily indicate a change in business fundamentals. SEC insider filing for Mark Frichtl SEC insider filing for Darien Spencer SEC insider filing for Cyrille Jacquemet

Institutional Trading of Ouster

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Ouster by 11.3% in the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after purchasing an additional 478,372 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ouster by 9.1% in the fourth quarter. Geode Capital Management LLC now owns 1,421,130 shares of the company’s stock valued at $30,758,000 after acquiring an additional 118,132 shares in the last quarter. Penn Capital Management Company LLC lifted its position in shares of Ouster by 24.1% in the fourth quarter. Penn Capital Management Company LLC now owns 775,297 shares of the company’s stock valued at $16,817,000 after acquiring an additional 150,337 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Ouster by 130.7% in the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock valued at $15,479,000 after acquiring an additional 405,441 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Ouster by 1,521.8% in the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after acquiring an additional 536,413 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer restated an “outperform” rating and issued a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Weiss Ratings assumed coverage on Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Rosenblatt Securities raised their price target on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.