Key Points
- Ouster CTO Mark Frichtl sold 308,742 shares on May 26 at an average price of $41.53, generating about $12.82 million. After the sale, he still held 294,924 shares, cutting his position by 51.14%.
- Frichtl has made multiple insider sales in recent weeks, including several transactions in May and April, totaling millions of dollars. The repeated selling may draw investor attention, though it does not by itself indicate a change in business fundamentals.
- Despite the insider selling, Ouster’s stock has been moving higher, opening at $44.23 and trading near its 52-week high of $45.95. Analysts remain mixed overall, with a consensus rating of Hold and an average target price of $42.80.
Ouster, Inc. (NASDAQ:OUST - Get Free Report) CRO Cyrille Jacquemet sold 9,433 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $40.00, for a total transaction of $377,320.00. Following the completion of the transaction, the executive owned 123,158 shares of the company's stock, valued at $4,926,320. This represents a 7.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cyrille Jacquemet also recently made the following trade(s):
- On Thursday, May 14th, Cyrille Jacquemet sold 10,000 shares of Ouster stock. The shares were sold at an average price of $35.00, for a total transaction of $350,000.00.
Ouster Stock Up 3.6%
Shares of OUST opened at $44.23 on Thursday. The company has a 50-day simple moving average of $25.76 and a 200-day simple moving average of $23.64. The company has a market capitalization of $2.78 billion, a PE ratio of -45.60 and a beta of 3.06. Ouster, Inc. has a 52-week low of $10.60 and a 52-week high of $45.95.
Key Headlines Impacting Ouster
Here are the key news stories impacting Ouster this week:
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on OUST. Weiss Ratings began coverage on shares of Ouster in a report on Friday, May 15th. They issued a "sell (d-)" rating for the company. Rosenblatt Securities boosted their target price on Ouster from $40.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday. Cantor Fitzgerald downgraded Ouster from an "overweight" rating to a "neutral" rating in a research report on Thursday, May 7th. Finally, Oppenheimer reiterated an "outperform" rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Ouster has a consensus rating of "Hold" and a consensus target price of $42.80.
Read Our Latest Report on OUST
Institutional Trading of Ouster
Institutional investors and hedge funds have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ouster in the third quarter valued at $1,677,000. Hillsdale Investment Management Inc. acquired a new position in shares of Ouster in the third quarter valued at approximately $3,038,000. Handelsbanken Fonder AB raised its position in shares of Ouster by 1,419.5% in the third quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company's stock valued at $8,385,000 after buying an additional 289,790 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Ouster by 43.2% in the fourth quarter. SG Americas Securities LLC now owns 276,578 shares of the company's stock valued at $5,985,000 after buying an additional 83,448 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Ouster by 514.6% in the third quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company's stock valued at $5,010,000 after buying an additional 155,063 shares during the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.
Ouster Company Profile
(
Get Free Report)
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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