Key Points
- Ouster CTO Mark Frichtl sold 40,000 shares on May 14 at an average price of $35.00, totaling $1.4 million. After the sale, he still directly owned 628,638 shares, worth about $22.0 million.
- This was part of a broader pattern of insider selling, as Frichtl has recently completed multiple additional share sales over the past several weeks. The article shows several large transactions in April and May, indicating a steady reduction in his stake.
- Ouster’s stock has rallied sharply, opening at $34.86 versus a 52-week low of $9.77 and a high of $41.65. Despite the insider selling, analysts currently rate the stock a “Moderate Buy” with an average price target of $40.20.
Ouster, Inc. (NYSE:OUST - Get Free Report) CTO Mark Frichtl sold 4,316 shares of the company's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $36.00, for a total value of $155,376.00. Following the completion of the sale, the chief technology officer owned 628,638 shares of the company's stock, valued at $22,630,968. This trade represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mark Frichtl also recently made the following trade(s):
- On Wednesday, May 13th, Mark Frichtl sold 136,434 shares of Ouster stock. The stock was sold at an average price of $32.56, for a total value of $4,442,291.04.
- On Thursday, May 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The stock was sold at an average price of $35.00, for a total value of $1,400,000.00.
- On Tuesday, May 5th, Mark Frichtl sold 13,451 shares of Ouster stock. The stock was sold at an average price of $30.00, for a total value of $403,530.00.
- On Monday, May 4th, Mark Frichtl sold 21,149 shares of Ouster stock. The stock was sold at an average price of $30.13, for a total value of $637,219.37.
- On Wednesday, April 22nd, Mark Frichtl sold 400 shares of Ouster stock. The stock was sold at an average price of $30.00, for a total value of $12,000.00.
- On Monday, April 20th, Mark Frichtl sold 60,000 shares of Ouster stock. The stock was 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 stock was 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 stock was sold at an average price of $20.94, for a total value of $837,600.00.
Ouster Stock Performance
Shares of OUST stock opened at $34.86 on Friday. Ouster, Inc. has a 52-week low of $9.77 and a 52-week high of $41.65. The firm has a market capitalization of $2.19 billion, a PE ratio of -13.56 and a beta of 3.06. The stock has a fifty day simple moving average of $23.50 and a two-hundred day simple moving average of $23.42.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Oppenheimer reiterated an "outperform" rating and issued a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Cantor Fitzgerald lowered Ouster from an "overweight" rating to a "neutral" rating in a research note on Thursday, May 7th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $40.00 price target on shares of Ouster in a research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.20.
Get Our Latest Stock Report on OUST
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Ouster during the third quarter valued at about $1,677,000. Hillsdale Investment Management Inc. purchased a new position in shares of Ouster during the third quarter valued at about $3,038,000. Handelsbanken Fonder AB grew its position in shares of Ouster by 1,419.5% during the third quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company's stock valued at $8,385,000 after purchasing an additional 289,790 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Ouster by 43.2% during the fourth quarter. SG Americas Securities LLC now owns 276,578 shares of the company's stock valued at $5,985,000 after purchasing an additional 83,448 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Ouster by 514.6% during the third quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company's stock valued at $5,010,000 after purchasing an additional 155,063 shares in the last quarter. Hedge funds and other institutional investors own 31.45% of the company's stock.
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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