Ouster (NYSE:OUST) CTO Sells $367,593.27 in Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 15,689 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total transaction of $367,593.27. Following the completion of the sale, the chief technology officer directly owned 636,882 shares in the company, valued at approximately $14,922,145.26. This trade represents a 2.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ouster Trading Down 3.0%

Shares of NYSE:OUST opened at $20.74 on Thursday. The company has a 50-day moving average price of $21.99 and a 200-day moving average price of $25.23. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -8.07 and a beta of 2.91. Ouster, Inc. has a 12 month low of $6.34 and a 12 month high of $41.65.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Ouster in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.17.

Institutional Investors Weigh In On Ouster

Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in shares of Ouster by 2,532.6% during the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Ouster by 8,823.5% in the second quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company’s stock worth $37,000 after buying an additional 1,500 shares in the last quarter. Larson Financial Group LLC raised its stake in Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after buying an additional 1,067 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in Ouster by 38.1% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock worth $78,000 after buying an additional 800 shares during the period. Finally, Van ECK Associates Corp boosted its position in Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after acquiring an additional 525 shares in the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

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.