Mark Frichtl Sells 15,689 Shares of Ouster (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 15,689 shares of Ouster stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $23.43, for a total transaction of $367,593.27. Following the sale, the chief technology officer owned 636,882 shares of the company’s stock, valued at $14,922,145.26. The trade was a 2.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ouster Price Performance

Shares of OUST stock opened at $21.39 on Wednesday. The company has a market capitalization of $1.28 billion, a P/E ratio of -8.32 and a beta of 2.91. The company’s 50-day simple moving average is $22.09 and its two-hundred day simple moving average is $25.26. Ouster, Inc. has a one year low of $6.34 and a one year high of $41.65.

Analyst Ratings Changes

A number of brokerages have weighed in on OUST. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Oppenheimer reissued an “outperform” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.17.

Institutional Investors Weigh In On Ouster

Several large investors have recently modified their holdings of OUST. Van ECK Associates Corp boosted 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 valued at $97,000 after purchasing an additional 525 shares in the last quarter. Main Management ETF Advisors LLC raised its stake in Ouster by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company’s stock worth $1,186,000 after buying an additional 560 shares in the last quarter. Corient Private Wealth LLC raised its stake in Ouster by 5.5% in the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock worth $280,000 after buying an additional 599 shares in the last quarter. Prosperity Wealth Management Inc. lifted its holdings in 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 buying an additional 675 shares during the period. Finally, Creative Planning boosted its position in Ouster by 1.6% during the 3rd quarter. Creative Planning now owns 43,681 shares of the company’s stock valued at $1,182,000 after acquiring an additional 677 shares in the last quarter. Institutional investors own 31.45% of the company’s stock.

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.