Ouster (NYSE:OUST) CTO Mark Frichtl Sells 136,434 Shares of Stock

Ouster, Inc. (NYSE:OUSTGet Free Report) CTO Mark Frichtl sold 136,434 shares of the business’s stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were 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 shares were 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 shares were sold at an average price of $20.94, for a total value of $837,600.00.

Ouster Stock Performance

Ouster stock opened at $34.86 on Friday. The firm has a market capitalization of $2.19 billion, a P/E ratio of -13.56 and a beta of 3.06. The stock has a fifty day moving average price of $23.50 and a 200 day moving average price of $23.42. Ouster, Inc. has a 52 week low of $9.77 and a 52 week high of $41.65.

Institutional Investors Weigh In On Ouster

A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in Ouster during the first quarter valued at about $2,436,000. Arrowstreet Capital Limited Partnership purchased a new stake in Ouster during the first quarter valued at about $8,915,000. Sei Investments Co. grew its position in Ouster by 87.8% during the first quarter. Sei Investments Co. now owns 193,818 shares of the company’s stock valued at $3,560,000 after acquiring an additional 90,597 shares during the period. Dimensional Fund Advisors LP grew its position in Ouster by 7.2% during the first quarter. Dimensional Fund Advisors LP now owns 483,871 shares of the company’s stock valued at $8,889,000 after acquiring an additional 32,440 shares during the period. Finally, Swiss National Bank grew its position in Ouster by 4.2% during the first quarter. Swiss National Bank now owns 112,800 shares of the company’s stock valued at $2,072,000 after acquiring an additional 4,500 shares during the period. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OUST shares. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ouster currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

View Our Latest Stock Report on Ouster

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.

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