Insider Selling: Ouster (NYSE:OUST) CTO Sells 13,451 Shares of Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 13,451 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.00, for a total transaction of $403,530.00. Following the completion of the transaction, the chief technology officer owned 712,297 shares in the company, valued at $21,368,910. This represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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.
• 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.
• 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 Price Performance

NYSE:OUST traded up $0.80 during trading hours on Wednesday, hitting $29.40. The company had a trading volume of 6,032,228 shares, compared to its average volume of 2,077,959. The company has a market capitalization of $1.85 billion, a PE ratio of -11.44 and a beta of 3.06. The stock has a 50-day moving average price of $21.95 and a 200 day moving average price of $23.48. Ouster, Inc. has a 52 week low of $8.08 and a 52 week high of $41.65.

Analyst Ratings Changes

Several research firms recently weighed in on OUST. Oppenheimer reiterated an “outperform” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. 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. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.20.

Hedge Funds Weigh In On Ouster

Several institutional investors and hedge funds have recently added to or reduced their stakes in OUST. AQR Capital Management LLC lifted its position in Ouster by 610.1% during the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after buying an additional 254,580 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ouster by 7.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock valued at $255,000 after buying an additional 2,037 shares during the period. Legal & General Group Plc lifted its position in Ouster by 138.2% during the second quarter. Legal & General Group Plc now owns 9,990 shares of the company’s stock valued at $242,000 after buying an additional 5,796 shares during the period. American Century Companies Inc. lifted its position in Ouster by 22.0% during the second quarter. American Century Companies Inc. now owns 63,298 shares of the company’s stock valued at $1,535,000 after buying an additional 11,416 shares during the period. Finally, Invesco Ltd. raised its position in shares of Ouster by 1,521.8% in the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after purchasing an additional 536,413 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

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.