Mark Frichtl Sells 13,451 Shares of Ouster (NYSE:OUST) Stock

Key Points

• Mark Frichtl, Ouster's CTO, sold 13,451 shares on May 5 at an average price of $30 for $403,530, reducing his stake by 1.85% to 712,297 shares (part of a string of insider sales since March, including larger disposals in April).
• Ouster stock traded up 2.8% to $29.40 on heavy volume (6,032,228 shares vs. an average of ~2.08M), with a market cap of about $1.85 billion and a 1‑year range of $8.08–$41.65.
• Analysts hold a consensus rating of "Moderate Buy" with an average target of $40.20, while institutional investors have been active—AQR and Invesco notably increased holdings (Invesco now owns 571,662 shares).

Ouster, Inc. (NYSE:OUST - Get Free Report) CTO Mark Frichtl sold 13,451 shares of the company's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $30.00, for a total transaction of $403,530.00. Following the completion of the sale, the chief technology officer owned 712,297 shares of the company's stock, valued at approximately $21,368,910. The trade was a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 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 stock was sold at an average price of $23.43, for a total transaction of $367,593.27.

Ouster Trading Up 2.8%

Shares of Ouster stock traded up $0.80 on Wednesday, reaching $29.40. The stock had a trading volume of 6,032,228 shares, compared to its average volume of 2,077,959. Ouster, Inc. has a 1 year low of $8.08 and a 1 year high of $41.65. The company has a market cap of $1.85 billion, a P/E ratio of -11.44 and a beta of 3.06. The business's 50 day moving average is $21.95 and its two-hundred day moving average is $23.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OUST. AQR Capital Management LLC grew its holdings in shares of 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ouster by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company's stock worth $255,000 after purchasing an additional 2,037 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Ouster by 138.2% in the second quarter. Legal & General Group Plc now owns 9,990 shares of the company's stock worth $242,000 after purchasing an additional 5,796 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Ouster by 22.0% in the second quarter. American Century Companies Inc. now owns 63,298 shares of the company's stock worth $1,535,000 after purchasing an additional 11,416 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Ouster by 1,521.8% in the second quarter. Invesco Ltd. now owns 571,662 shares of the company's stock worth $13,863,000 after purchasing an additional 536,413 shares during the last quarter. Institutional investors own 31.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reissued an "outperform" rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.

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