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

Key Points

• Ouster CTO Mark Frichtl sold 40,000 shares on May 14 at an average price of $35.00, totaling $1.4 million. After the transaction, he still held 628,638 shares valued at about $22.0 million.
• Frichtl has been actively selling Ouster stock in recent weeks, including multiple large transactions in May and April. The disclosed trades suggest a significant reduction in his position over time.
• Ouster shares were flat at $34.86 in the latest session, while analysts remain generally positive with a consensus rating of “Moderate Buy” and an average target price of $40.20.

Ouster, Inc. (NYSE:OUST - Get Free Report) CTO Mark Frichtl sold 40,000 shares of the business's stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,400,000.00. Following the completion of the sale, the chief technology officer directly owned 628,638 shares in the company, valued at approximately $22,002,330. This represents a 5.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 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 stock was sold at an average price of $24.00, for a total value of $480,000.00.
• On Tuesday, April 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The stock was sold at an average price of $22.76, for a total value of $910,400.00.
• On Wednesday, March 25th, Mark Frichtl sold 40,000 shares of Ouster stock. The stock was sold at an average price of $20.94, for a total value of $837,600.00.

Ouster Stock Performance

OUST remained flat at $34.86 on Friday. The company had a trading volume of 6,900,051 shares, compared to its average volume of 2,435,518. Ouster, Inc. has a fifty-two week low of $9.77 and a fifty-two week high of $41.65. The company has a market cap of $2.19 billion, a P/E ratio of -13.56 and a beta of 3.06. The company has a 50 day moving average price of $23.25 and a two-hundred day moving average price of $23.34.

Analysts Set New Price Targets

OUST has been the topic of several analyst reports. Oppenheimer reiterated an "outperform" rating and set a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Cantor Fitzgerald lowered Ouster from an "overweight" rating to a "neutral" rating in a report on Thursday, May 7th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Ouster currently has an average rating of "Moderate Buy" and a consensus target price of $40.20.

Institutional Investors Weigh In On Ouster

Large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in Ouster by 610.1% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $255,000 after purchasing an additional 2,037 shares during the period. Legal & General Group Plc raised its position 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 valued at $242,000 after purchasing an additional 5,796 shares during the period. American Century Companies Inc. lifted its stake in shares of Ouster by 22.0% during the 2nd 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 during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company's stock worth $13,863,000 after buying an additional 536,413 shares during 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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