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

Ouster, Inc. (NASDAQ:OUST) CTO Mark Frichtl sold 75,684 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $36.80, for a total transaction of $2,785,171.20. Following the transaction, the chief technology officer directly owned 603,666 shares of the company’s stock, valued at approximately $22,214,908.80. This represents a 11.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 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 Price Performance

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OUST. Oppenheimer reiterated an “outperform” rating and set a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities boosted their target price on Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday. Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings began coverage on Ouster in a report on Friday, May 15th. They set a “sell (d-)” rating for the company. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.80.

Hedge Funds Weigh In On Ouster

A number of institutional investors and hedge funds have recently bought and sold shares of OUST. NewEdge Advisors LLC boosted its holdings in Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after acquiring an additional 1,089 shares during the period. Larson Financial Group LLC boosted its holdings in Ouster by 118.8% in the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after acquiring an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd boosted its holdings in Ouster by 38.1% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after acquiring an additional 800 shares during the period. SHP Wealth Management purchased a new position in Ouster in the 4th quarter worth approximately $96,000. Finally, Van ECK Associates Corp boosted its holdings in Ouster by 17.1% in the 3rd 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 period. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Key Ouster News

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

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.