Ouster (NYSE:OUST) CTO Sells $910,400.00 in Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 40,000 shares of Ouster stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $22.76, for a total transaction of $910,400.00. Following the transaction, the chief technology officer directly owned 712,297 shares in the company, valued at approximately $16,211,879.72. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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.
• 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 transaction of $837,600.00.
• On Thursday, March 12th, Mark Frichtl sold 15,689 shares of Ouster stock. The shares were sold at an average price of $23.43, for a total transaction of $367,593.27.

Ouster Stock Up 4.4%

OUST stock traded up $1.02 during trading on Wednesday, hitting $24.44. 1,724,890 shares of the company’s stock traded hands, compared to its average volume of 1,877,999. The firm has a market capitalization of $1.53 billion, a P/E ratio of -9.51 and a beta of 2.98. The business has a fifty day simple moving average of $20.11 and a two-hundred day simple moving average of $23.87. Ouster, Inc. has a 1 year low of $6.58 and a 1 year high of $41.65.

Institutional Investors Weigh In On Ouster

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in Ouster by 610.1% in the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after purchasing an additional 254,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ouster by 7.7% in the first 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 last quarter. Legal & General Group Plc boosted its stake in shares of Ouster by 138.2% during the 2nd quarter. Legal & General Group Plc now owns 9,990 shares of the company’s stock worth $242,000 after acquiring an additional 5,796 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Ouster by 22.0% during the 2nd quarter. American Century Companies Inc. now owns 63,298 shares of the company’s stock worth $1,535,000 after acquiring an additional 11,416 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after acquiring an additional 536,413 shares in the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OUST. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

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.