Mark Frichtl Sells 4,316 Shares of Ouster (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUSTGet Free Report) CTO Mark Frichtl sold 4,316 shares of Ouster stock in a transaction on Friday, May 15th. The stock was sold at an average price of $36.00, for a total transaction of $155,376.00. Following the completion of the transaction, the chief technology officer directly owned 628,638 shares in the company, valued at approximately $22,630,968. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction 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 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 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.
  • 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 transaction 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 transaction of $837,600.00.

Ouster Stock Performance

Shares of Ouster stock opened at $34.86 on Friday. The company’s fifty day simple moving average is $23.50 and its two-hundred day simple moving average is $23.42. The company has a market cap of $2.19 billion, a P/E ratio of -13.56 and a beta of 3.06. Ouster, Inc. has a 12-month low of $9.77 and a 12-month high of $41.65.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on OUST

Institutional Trading of Ouster

Hedge funds and other institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ouster in the 3rd quarter worth about $1,677,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Ouster in the 3rd quarter worth about $3,038,000. Handelsbanken Fonder AB grew its position in shares of Ouster by 1,419.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock worth $8,385,000 after buying an additional 289,790 shares during the period. SG Americas Securities LLC grew its position in shares of Ouster by 43.2% in the 4th quarter. SG Americas Securities LLC now owns 276,578 shares of the company’s stock worth $5,985,000 after buying an additional 83,448 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Ouster by 514.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company’s stock worth $5,010,000 after buying an additional 155,063 shares during the period. 31.45% of the stock is owned by hedge funds and other institutional investors.

About Ouster

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Ouster (NYSE:OUST)

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