Insider Selling: Ouster (NYSE:OUST) CTO Sells 40,000 Shares of Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl sold 40,000 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $20.94, for a total value of $837,600.00. Following the sale, the chief technology officer directly owned 636,882 shares in the company, valued at $13,336,309.08. This trade represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Stock Down 8.5%

NYSE:OUST opened at $17.66 on Friday. The stock has a fifty day simple moving average of $20.96 and a 200 day simple moving average of $24.86. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -6.87 and a beta of 2.91. Ouster, Inc. has a 1-year low of $6.34 and a 1-year high of $41.65.

Wall Street Analyst Weigh In

OUST has been the subject of several recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer restated an “outperform” rating and set a $40.00 price target 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, Ouster currently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Institutional Investors Weigh In On Ouster

Large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC acquired a new position in Ouster during the fourth quarter valued at approximately $246,000. SHP Wealth Management acquired a new stake in shares of Ouster in the fourth quarter worth $96,000. Invesco Ltd. boosted its holdings in shares of Ouster by 17.8% during the 4th quarter. Invesco Ltd. now owns 74,739 shares of the company’s stock worth $1,617,000 after buying an additional 11,281 shares during the period. Empowered Funds LLC bought a new stake in shares of Ouster during the 4th quarter worth $247,000. Finally, Quadrature Capital Ltd bought a new position in Ouster in the 4th quarter worth $323,000. 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.