Ouster (NYSE:OUST) CTO Mark Frichtl Sells 400 Shares

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 400 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $30.00, for a total value of $12,000.00. Following the completion of the sale, the chief technology officer directly owned 712,297 shares in the company, valued at approximately $21,368,910. This represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 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 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.
• 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 value of $367,593.27.

Ouster Trading Down 4.9%

Shares of Ouster stock opened at $26.41 on Friday. The company’s fifty day simple moving average is $20.96 and its 200-day simple moving average is $23.82. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -10.28 and a beta of 2.98. Ouster, Inc. has a 1 year low of $7.05 and a 1 year high of $41.65.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Ouster by 610.1% in the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock worth $2,661,000 after purchasing an additional 254,580 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ouster by 7.7% in the 1st 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 in the last quarter. Legal & General Group Plc lifted its holdings in shares of Ouster by 138.2% during the 2nd quarter. Legal & General Group Plc now owns 9,990 shares of the company’s stock worth $242,000 after acquiring an additional 5,796 shares during the period. American Century Companies Inc. lifted its holdings in shares of Ouster by 22.0% during the 2nd quarter. American Century Companies Inc. now owns 63,298 shares of the company’s stock worth $1,535,000 after acquiring an additional 11,416 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after acquiring an additional 536,413 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Oppenheimer reiterated an “outperform” rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Ouster presently has an average rating of “Moderate Buy” and an average target price 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.