Ouster (NYSE:OUST) CTO Sells $480,000.00 in Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $24.00, for a total transaction of $480,000.00. Following the transaction, the chief technology officer owned 712,297 shares in the company, valued at approximately $17,095,128. This trade represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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

Ouster stock traded up $1.02 during midday trading on Wednesday, reaching $24.44. 1,724,890 shares of the company traded hands, compared to its average volume of 1,877,999. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -9.51 and a beta of 2.98. The business has a 50 day moving average of $20.11 and a two-hundred day moving average of $23.87. Ouster, Inc. has a 12 month low of $6.58 and a 12 month high of $41.65.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Ouster by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after buying an additional 478,372 shares during the last quarter. Geode Capital Management LLC increased its holdings in Ouster by 9.1% during the fourth quarter. Geode Capital Management LLC now owns 1,421,130 shares of the company’s stock valued at $30,758,000 after buying an additional 118,132 shares during the last quarter. Penn Capital Management Company LLC increased its holdings in Ouster by 24.1% during the fourth quarter. Penn Capital Management Company LLC now owns 775,297 shares of the company’s stock valued at $16,817,000 after buying an additional 150,337 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Ouster by 130.7% during the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock valued at $15,479,000 after buying an additional 405,441 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Ouster by 1,521.8% during the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock valued at $13,863,000 after buying an additional 536,413 shares during the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OUST. Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Oppenheimer restated an “outperform” 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Ouster has an average rating of “Moderate Buy” and a consensus target price of $40.20.

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.