Ouster, Inc. (NYSE:OUST) CTO Mark Frichtl Buys 5,045 Shares

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

Ouster Stock Down 5.6 %

Shares of OUST stock opened at $10.38 on Thursday. Ouster, Inc. has a 12-month low of $4.65 and a 12-month high of $16.88. The firm has a fifty day moving average of $8.60 and a 200-day moving average of $9.18. The company has a market capitalization of $516.62 million, a price-to-earnings ratio of -4.04 and a beta of 2.50.

Hedge Funds Weigh In On Ouster

A number of large investors have recently added to or reduced their stakes in OUST. Van ECK Associates Corp lifted 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 purchasing an additional 1,608 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ouster in the 2nd quarter valued at approximately $27,000. Ballentine Partners LLC bought 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 bought a new position in shares of Ouster during the 3rd quarter worth approximately $78,000. Institutional investors own 31.45% of the company’s stock.

Analyst Ratings Changes

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

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.