Ouster (NYSE:OUST) CTO Sells $155,376.00 in Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 4,316 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $36.00, for a total value of $155,376.00. Following the sale, the chief technology officer directly owned 628,638 shares of the company’s stock, valued at $22,630,968. This represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, May 13th, Mark Frichtl sold 136,434 shares of Ouster stock. The shares were sold at an average price of $32.56, for a total value of $4,442,291.04.
• On Thursday, May 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The shares were sold at an average price of $35.00, for a total value of $1,400,000.00.
• On Tuesday, May 5th, Mark Frichtl sold 13,451 shares of Ouster stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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

NYSE OUST remained flat at $34.86 on Friday. The company’s stock had a trading volume of 6,900,051 shares, compared to its average volume of 2,435,518. The stock’s 50 day simple moving average is $23.25 and its two-hundred day simple moving average is $23.34. 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 1-year low of $9.77 and a 1-year high of $41.65.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ouster in the 3rd quarter worth $1,677,000. Hillsdale Investment Management Inc. purchased a new stake in Ouster during the third quarter valued at approximately $3,038,000. Handelsbanken Fonder AB boosted its stake in Ouster by 1,419.5% in the third quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock valued at $8,385,000 after acquiring an additional 289,790 shares in the last quarter. SG Americas Securities LLC boosted 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 purchasing an additional 83,448 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Ouster by 514.6% during 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 last quarter. 31.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Ouster Company Profile

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.