Mark Frichtl Acquires 5,045 Shares of Ouster, Inc. (NYSE:OUST) Stock

Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl bought 5,045 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $9.78 per share, for a total transaction of $49,340.10. Following the transaction, the chief technology officer now directly owns 513,121 shares of the company’s stock, valued at approximately $5,018,323.38. This represents a 0.99 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Ouster Price Performance

Ouster stock opened at $10.99 on Wednesday. The business has a 50 day simple moving average of $8.52 and a 200-day simple moving average of $9.17. Ouster, Inc. has a 12 month low of $4.65 and a 12 month high of $16.88. The stock has a market capitalization of $546.73 million, a PE ratio of -4.27 and a beta of 2.50.

Analyst Ratings Changes

Several research analysts have commented on OUST shares. Northland Securities assumed coverage on Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target on the stock. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and cut their target price for the company from $12.00 to $10.00 in a report on Monday, November 11th. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $17.00 price objective on shares of Ouster in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $13.17.

Hedge Funds Weigh In On Ouster

A number of large investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of Ouster by 28.4% in the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after acquiring an additional 1,608 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ouster in the second quarter valued at about $27,000. Ballentine Partners LLC purchased a new stake in Ouster in the 2nd quarter valued at approximately $101,000. Stoneridge Investment Partners LLC acquired a new position in Ouster during the 3rd quarter worth approximately $67,000. Finally, True North Advisors LLC purchased a new position in shares of Ouster during the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Company Profile

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.