Ouster (NYSE:OUST) CTO Mark Frichtl Sells 40,000 Shares

Key Points

• CTO Mark Frichtl sold 40,000 Ouster shares on April 14 at an average price of $22.76 for $910,400, leaving him with 712,297 shares (a 5.32% reduction) valued at about $16.21 million.
• Frichtl has been an active seller this spring, disposing of a total of 115,689 shares across March and April (40,000 on Mar.25, 15,689 on Mar.12, 40,000 on Apr.14, 20,000 on Apr.15) for roughly $2.60 million in proceeds.
• Ouster shares trade around $24.44 with a $1.53 billion market cap, and analysts maintain a consensus “Moderate Buy” with a price target near $40.20.

Ouster, Inc. (NYSE:OUST - Get Free Report) CTO Mark Frichtl sold 40,000 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $22.76, for a total value of $910,400.00. Following the completion of the sale, the chief technology officer owned 712,297 shares of the company's stock, valued at $16,211,879.72. The trade was a 5.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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.
• 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 value 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 value of $367,593.27.

Ouster Price Performance

Shares of Ouster stock traded up $1.02 during trading on Wednesday, reaching $24.44. 1,724,890 shares of the stock traded hands, compared to its average volume of 1,877,999. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -9.51 and a beta of 2.98. The business has a fifty day simple moving average of $20.11 and a two-hundred day simple moving average of $23.87. Ouster, Inc. has a 52-week low of $6.58 and a 52-week high of $41.65.

Institutional Trading of Ouster

Several institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC bought a new stake in shares of Ouster during the fourth quarter valued at approximately $246,000. SHP Wealth Management bought a new stake in shares of Ouster during the fourth quarter valued at approximately $96,000. Invesco Ltd. raised its stake in shares of Ouster by 17.8% during the fourth quarter. Invesco Ltd. now owns 74,739 shares of the company's stock valued at $1,617,000 after acquiring an additional 11,281 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Ouster during the fourth quarter valued at approximately $247,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Ouster during the fourth quarter valued at approximately $323,000. Institutional investors own 31.45% of the company's stock.

Wall Street Analysts Forecast Growth

OUST has been the subject of several recent research reports. Oppenheimer reiterated an "outperform" rating and issued a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Rosenblatt Securities reiterated 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Ouster has an average rating of "Moderate Buy" and a consensus price target of $40.20.

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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