Insider Selling: Ouster (NYSE:OUST) CTO Sells $4,442,291.04 in Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 136,434 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $32.56, for a total value of $4,442,291.04. Following the transaction, the chief technology officer directly owned 628,638 shares of the company’s stock, valued at approximately $20,468,453.28. This trade represents a 17.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value 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 value 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 value 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 value 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 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.

Ouster Price Performance

Shares of Ouster stock opened at $34.86 on Monday. The stock 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. The business’s 50 day moving average is $23.50 and its 200-day moving average is $23.33.

Institutional Investors Weigh In On Ouster

Large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares during the last quarter. Main Management ETF Advisors LLC lifted its holdings in Ouster by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company’s stock valued at $1,186,000 after purchasing an additional 560 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Ouster by 5.5% during the 2nd quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock valued at $280,000 after purchasing an additional 599 shares during the last quarter. Prosperity Wealth Management Inc. lifted its holdings in Ouster by 5.5% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock valued at $352,000 after purchasing an additional 675 shares during the last quarter. Finally, Creative Planning lifted its holdings in Ouster by 1.6% during the 3rd quarter. Creative Planning now owns 43,681 shares of the company’s stock valued at $1,182,000 after purchasing an additional 677 shares during the last quarter. Institutional investors own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OUST. 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. Oppenheimer reissued an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.