Ouster (NYSE:OUST) CTO Mark Frichtl Sells 20,000 Shares

Key Points

• Ouster CTO Mark Frichtl sold 20,000 shares on April 15 at an average price of $24.00 for $480,000, and after multiple recent disposals (including 40,000 shares on April 14 and 40,000 on March 25) now owns 712,297 shares — a 2.73% reduction in his position valued at about $17.1 million.
• The stock traded around $24.44 midday while analysts maintain a consensus "Moderate Buy" with a $40.20 average price target; Ouster has a $1.53 billion market cap and a 12‑month range of $6.58 to $41.65.

Ouster, Inc. (NYSE:OUST - Get Free Report) CTO Mark Frichtl sold 20,000 shares of the business's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $24.00, for a total transaction of $480,000.00. Following the transaction, the chief technology officer owned 712,297 shares in the company, valued at $17,095,128. This represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

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

Ouster Stock Performance

Shares of NYSE OUST traded up $1.02 during midday trading on Wednesday, hitting $24.44. 1,724,890 shares of the company traded hands, compared to its average volume of 1,877,999. Ouster, Inc. has a 12-month low of $6.58 and a 12-month high of $41.65. The stock has a 50-day moving average price of $20.11 and a 200 day moving average price of $23.87. The firm has a market cap of $1.53 billion, a P/E ratio of -9.51 and a beta of 2.98.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Oppenheimer reiterated an "outperform" rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities restated a "buy" rating and issued a $40.00 price objective on shares of Ouster in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OUST. AQR Capital Management LLC lifted its stake 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 buying an additional 254,580 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 buying an additional 2,037 shares in the last quarter. Legal & General Group Plc lifted its stake 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 buying an additional 5,796 shares in the last quarter. American Century Companies Inc. lifted its stake 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 buying an additional 11,416 shares in the last quarter. Finally, Invesco Ltd. lifted its stake 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 buying an additional 536,413 shares in the last quarter. Institutional investors own 31.45% of the company's stock.

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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