Ouster (NASDAQ:OUST) CTO Mark Frichtl Sells 18,778 Shares of Stock

Ouster, Inc. (NASDAQ:OUST) CTO Mark Frichtl sold 18,778 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $33.96, for a total transaction of $637,700.88. Following the completion of the sale, the chief technology officer owned 318,987 shares of the company’s stock, valued at $10,832,798.52. This trade represents a 5.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ouster Trading Up 3.7%

Shares of NASDAQ:OUST traded up $1.20 during midday trading on Wednesday, hitting $33.99. The stock had a trading volume of 1,803,183 shares, compared to its average volume of 3,149,709. Ouster, Inc. has a 1 year low of $16.40 and a 1 year high of $63.79. The stock has a 50 day moving average price of $38.94 and a two-hundred day moving average price of $34.01. The company has a market capitalization of $2.45 billion, a PE ratio of -39.52 and a beta of 3.25.

Ouster (NASDAQ:OUST) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.14). The firm had revenue of $54.63 million for the quarter, compared to analysts’ expectations of $51.47 million. Ouster had a negative return on equity of 17.49% and a negative net margin of 26.02%. As a group, equities analysts expect that Ouster, Inc. will post -1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Northland Securities set a $60.00 target price on Ouster and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Rosenblatt Securities restated a “buy” rating and issued a $53.00 price target on shares of Ouster in a research note on Thursday, August 27th. Oppenheimer reaffirmed an “outperform” rating and set a $57.00 price objective (up from $42.00) on shares of Ouster in a report on Wednesday, July 15th. Roth Capital assumed coverage on Ouster in a research report on Friday, May 29th. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ouster in a report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OUST. Tidal Investments LLC acquired a new stake in shares of Ouster during the 2nd quarter valued at approximately $2,172,000. IPG Investment Advisors LLC grew its holdings in shares of Ouster by 49.2% in the 2nd quarter. IPG Investment Advisors LLC now owns 14,924 shares of the company’s stock worth $933,000 after acquiring an additional 4,924 shares during the period. MCF Advisors LLC increased its stake in Ouster by 34.4% in the 2nd quarter. MCF Advisors LLC now owns 1,344 shares of the company’s stock valued at $84,000 after purchasing an additional 344 shares in the last quarter. Archford Capital Strategies LLC purchased a new position in Ouster in the 2nd quarter valued at approximately $319,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Ouster during the second quarter worth $74,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

Ouster Company Profile

Ouster, Inc develops lidar sensors and software used to help machines perceive and understand their surroundings. Its digital lidar technology measures distance and generates three-dimensional data for applications including industrial automation, robotics, intelligent transportation, infrastructure monitoring and automotive systems.

The company offers a portfolio of lidar sensors designed for different range, resolution and deployment requirements, along with software and perception tools that help customers interpret sensor data.