Mark Frichtl Sells 308,742 Shares of Ouster (NASDAQ:OUST) Stock

Key Points

• Ouster CTO Mark Frichtl sold 308,742 shares on May 26 at an average price of $41.53, totaling about $12.8 million. The sale cut his direct ownership by more than 51% and follows a string of additional insider sales earlier in the month.
• Ouster shares rose 3.6% to $44.23, near their 52-week high of $45.95, on heavy trading volume. The stock has rallied sharply despite still trading with a negative P/E and a volatile beta of 3.06.
• Analyst sentiment remains mixed but improving, with Rosenblatt raising its price target to $53 and reiterating a buy rating, while other firms remain more cautious. The current consensus rating is Hold with an average target price of $42.80.

Ouster, Inc. (NASDAQ:OUST - Get Free Report) CTO Mark Frichtl sold 308,742 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $41.53, for a total transaction of $12,822,055.26. Following the completion of the sale, the chief technology officer directly owned 294,924 shares of the company's stock, valued at approximately $12,248,193.72. This trade represents a 51.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, May 22nd, Mark Frichtl sold 75,684 shares of Ouster stock. The shares were sold at an average price of $36.80, for a total transaction of $2,785,171.20.
• On Wednesday, May 13th, Mark Frichtl sold 136,434 shares of Ouster stock. The shares were sold at an average price of $32.56, for a total transaction of $4,442,291.04.
• On Thursday, May 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The shares were sold at an average price of $35.00, for a total transaction of $1,400,000.00.
• On Friday, May 15th, Mark Frichtl sold 4,316 shares of Ouster stock. The shares were sold at an average price of $36.00, for a total transaction of $155,376.00.
• On Tuesday, May 5th, Mark Frichtl sold 13,451 shares of Ouster stock. The shares were sold at an average price of $30.00, for a total transaction of $403,530.00.
• 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.

Ouster Stock Up 3.6%

OUST traded up $1.53 on Wednesday, reaching $44.23. The company had a trading volume of 5,669,402 shares, compared to its average volume of 2,701,451. Ouster, Inc. has a 1 year low of $10.60 and a 1 year high of $45.95. The stock has a market capitalization of $2.78 billion, a PE ratio of -45.60 and a beta of 3.06. The stock has a 50-day moving average price of $25.30 and a 200-day moving average price of $23.50.

Institutional Investors Weigh In On Ouster

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp increased its stake in shares of Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company's stock worth $97,000 after acquiring an additional 525 shares during the period. Main Management ETF Advisors LLC increased its stake in shares of Ouster by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company's stock worth $1,186,000 after acquiring an additional 560 shares during the period. Corient Private Wealth LLC increased its stake in shares of Ouster by 5.5% during the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company's stock worth $280,000 after acquiring an additional 599 shares during the period. Prosperity Wealth Management Inc. increased its stake in shares of Ouster by 5.5% during the third quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company's stock worth $352,000 after acquiring an additional 675 shares during the period. Finally, Creative Planning increased its stake in shares of Ouster by 1.6% during the third quarter. Creative Planning now owns 43,681 shares of the company's stock worth $1,182,000 after acquiring an additional 677 shares during the period. 31.45% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Ouster

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Ouster announced a strategic agreement with ARGUS Interception to strengthen counter-drone systems using its digital lidar technology, reinforcing its presence in the defense and autonomous systems markets. ARGUS Interception and Ouster Announce Strategic Agreement to Strengthen the Precision and Reliability of Counter-UAS Systems with Digital Lidar
• Positive Sentiment: Rosenblatt Securities raised its price target on Ouster to $53 from $40 and reiterated a buy rating, signaling higher confidence in the stock’s growth outlook. Ouster price target raised to $53 at Rosenblatt
• Positive Sentiment: Additional coverage highlighted Ouster’s momentum in defense and autonomous technology, helping fuel buying interest and pushing the stock to a multi-year high. Ouster Shares Rise As Defense Push, Analyst Targets Hike Boost Momentum
• Neutral Sentiment: The company’s COO, CTO, and CRO all disclosed stock sales, including a large sale by CTO Mark Frichtl, which may raise some caution about insider confidence, though the sales do not necessarily indicate a change in business fundamentals. SEC insider filing for Mark Frichtl SEC insider filing for Darien Spencer SEC insider filing for Cyrille Jacquemet

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OUST. Cantor Fitzgerald cut shares of Ouster from an "overweight" rating to a "neutral" rating in a report on Thursday, May 7th. Weiss Ratings began coverage on shares of Ouster in a report on Friday, May 15th. They issued a "sell (d-)" rating for the company. Oppenheimer reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Finally, Rosenblatt Securities upped their target price on shares of Ouster from $40.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.80.

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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