Mark Frichtl Sells 75,684 Shares of Ouster (NASDAQ:OUST) Stock

Key Points

• Ouster CTO Mark Frichtl sold 75,684 shares on May 22 at an average price of $36.80, worth about $2.79 million. After the sale, he still held 603,666 shares, and the transaction cut his position by 11.14%.
• Ouster shares were trading higher, rising 3.6% to $44.23 and approaching the stock’s 52-week high of $45.95. Trading volume was also well above average.
• Analyst sentiment remains mixed but improving, with Rosenblatt raising its price target to $53 and keeping a buy rating, while Cantor Fitzgerald downgraded the stock to neutral. MarketBeat says the consensus rating is Hold with an average target price of $42.80.

Ouster, Inc. (NASDAQ:OUST - Get Free Report) CTO Mark Frichtl sold 75,684 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $36.80, for a total value of $2,785,171.20. Following the transaction, the chief technology officer directly owned 603,666 shares of the company's stock, valued at $22,214,908.80. The trade was a 11.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, May 26th, Mark Frichtl sold 308,742 shares of Ouster stock. The stock was sold at an average price of $41.53, for a total value of $12,822,055.26.
• On Wednesday, May 13th, Mark Frichtl sold 136,434 shares of Ouster stock. The stock was sold at an average price of $32.56, for a total value of $4,442,291.04.
• On Thursday, May 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The stock was sold at an average price of $35.00, for a total value of $1,400,000.00.
• On Friday, May 15th, Mark Frichtl sold 4,316 shares of Ouster stock. The stock was sold at an average price of $36.00, for a total value of $155,376.00.
• On Tuesday, May 5th, Mark Frichtl sold 13,451 shares of Ouster stock. The stock was sold at an average price of $30.00, for a total value 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 value 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 value 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 value 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 value 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 value of $480,000.00.

Ouster Stock Up 3.6%

Shares of NASDAQ:OUST traded up $1.53 during midday trading on Wednesday, reaching $44.23. The company's stock had a trading volume of 5,669,402 shares, compared to its average volume of 2,701,451. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of -45.60 and a beta of 3.06. Ouster, Inc. has a 1 year low of $10.60 and a 1 year high of $45.95. The business 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

Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company's stock valued at $27,000 after acquiring an additional 1,089 shares during the period. Larson Financial Group LLC grew its position in Ouster by 118.8% during the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company's stock valued at $43,000 after acquiring an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd grew its position in Ouster by 38.1% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company's stock valued at $78,000 after acquiring an additional 800 shares during the period. SHP Wealth Management purchased a new stake in Ouster during the fourth quarter valued at about $96,000. Finally, Van ECK Associates Corp grew its position in Ouster by 17.1% during the third 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 during the period. Hedge funds and other institutional investors own 31.45% of the company's stock.

Ouster News Roundup

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

Analysts Set New Price Targets

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

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.

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