Key Points
- Ouster CTO Mark Frichtl sold 400 shares on April 22 at $30 and, combined with prior trades since March 12, has sold about 206,089 shares for roughly $4.96M in proceeds while still holding 712,297 shares valued at $21.37M (a 0.06% ownership drop).
- Wall Street maintains a Moderate Buy consensus on OUST with an average price target of $40.20; the stock trades in a 52-week range of $7.05–$41.65 and has a market cap of about $1.66B.
Ouster, Inc. (NYSE:OUST - Get Free Report) CTO Mark Frichtl sold 400 shares of Ouster stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $30.00, for a total value of $12,000.00. Following the sale, the chief technology officer directly owned 712,297 shares in the company, valued at $21,368,910. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Mark Frichtl also recently made the following trade(s):
- 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 value of $1,594,800.00.
- On Friday, April 17th, Mark Frichtl sold 30,000 shares of Ouster stock. The stock was sold at an average price of $25.15, for a total value 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 shares were 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 shares were sold at an average price of $20.94, for a total value of $837,600.00.
- 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 Stock Performance
Shares of NYSE OUST opened at $26.41 on Friday. Ouster, Inc. has a 52-week low of $7.05 and a 52-week high of $41.65. The business has a fifty day moving average of $20.96 and a two-hundred day moving average of $23.82. The stock has a market cap of $1.66 billion, a PE ratio of -10.28 and a beta of 2.98.
Hedge Funds Weigh In On Ouster
A number of institutional investors and hedge funds have recently bought and sold shares of OUST. NewEdge Advisors LLC increased its stake in shares of Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company's stock valued at $27,000 after buying an additional 1,089 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company's stock valued at $43,000 after buying an additional 1,067 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in Ouster by 38.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company's stock worth $78,000 after buying an additional 800 shares in the last quarter. Van ECK Associates Corp lifted its position in Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company's stock worth $97,000 after buying an additional 525 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Ouster during the 3rd quarter worth about $120,000. Institutional investors and hedge funds own 31.45% of the company's stock.
Wall Street Analysts Forecast Growth
OUST has been the subject of several analyst reports. Oppenheimer reissued an "outperform" rating and set a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $40.00 price objective 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.20.
Check Out Our Latest Stock Report on Ouster
About Ouster
(
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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