Insider Selling: Ouster (NYSE:OUST) CTO Sells $837,600.00 in Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 40,000 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $20.94, for a total value of $837,600.00. Following the completion of the transaction, the chief technology officer owned 636,882 shares of the company’s stock, valued at approximately $13,336,309.08. This trade represents a 5.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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

NYSE:OUST opened at $16.63 on Tuesday. The firm’s 50-day moving average price is $20.77 and its 200-day moving average price is $24.71. The company has a market capitalization of $1.04 billion, a PE ratio of -6.47 and a beta of 2.91. Ouster, Inc. has a 1-year low of $6.34 and a 1-year high of $41.65.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after purchasing an additional 1,089 shares during the last quarter. Larson Financial Group LLC raised its stake in Ouster by 118.8% during the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after buying an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd raised its stake in Ouster by 38.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company’s stock valued at $78,000 after buying an additional 800 shares during the last quarter. SHP Wealth Management bought a new position in shares of Ouster during the 4th quarter valued at $96,000. Finally, Van ECK Associates Corp lifted its holdings in shares of 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 buying an additional 525 shares during the period. Institutional investors own 31.45% of the company’s stock.

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.