Key Points
- CTO Mark Frichtl sold 40,000 shares on March 25 at an average price of $20.94 for a total of $837,600, reducing his stake to 636,882 shares (a 5.91% decrease).
- Ouster shares opened at $17.66 and were down about 8.5%; the stock has a 12‑month range of $6.34–$41.65 and a market cap of roughly $1.11 billion.
- Analysts show a consensus Moderate Buy (four Buys, one Hold) with an average price target of $40.20, while institutional investors own 31.45% of the company and several funds (notably AQR) recently increased stakes.
Ouster, Inc. (NYSE:OUST - Get Free Report) CTO Mark Frichtl sold 40,000 shares of the business's stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $20.94, for a total transaction 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. The trade was a 5.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $23.43, for a total value of $367,593.27.
Ouster Trading Down 8.5%
Shares of Ouster stock opened at $17.66 on Friday. Ouster, Inc. has a 12-month low of $6.34 and a 12-month high of $41.65. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -6.87 and a beta of 2.91. The company's 50-day moving average price is $20.96 and its 200-day moving average price is $24.84.
Institutional Investors Weigh In On Ouster
Several hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in shares of Ouster by 610.1% in the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company's stock worth $2,661,000 after acquiring an additional 254,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ouster by 7.7% during 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Ouster by 8.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company's stock worth $28,876,000 after buying an additional 95,510 shares during the period. Creative Planning boosted its stake in Ouster by 13.6% in the 2nd quarter. Creative Planning now owns 43,004 shares of the company's stock worth $1,043,000 after purchasing an additional 5,135 shares during the period. Finally, Handelsbanken Fonder AB bought a new stake in Ouster in the 2nd quarter valued at $496,000. Institutional investors own 31.45% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have commented on OUST shares. Oppenheimer reissued an "outperform" rating and issued a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $40.00 target price on shares of Ouster in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.20.
Check Out Our Latest Stock Report on Ouster
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
