Ouster’s COO Spencer Darien sells $144,089 in shares By Investing.com

In recent trades for Ouster, Inc. (NYSE:OUST), a lidar technology company with a market cap of $452 million, COO Spencer Darien reported sales of 14,869 shares of common stock.According to InvestingPro: analysis shows the stock to be slightly undervalued, and shares are showing strong momentum, up 22% year to date.Shares traded at an average price of $9.69 each, for a total of approximately $144,089.

After this transaction, Darien owns 291,718 shares of the company, according to the filing, to cover withholding taxes resulting from the grant of restricted stock. Additionally, the report states that Darien acquired 975 shares on Nov. 15, 2024. Amended and Restated Through the 2022 Employee Stock Purchase Plan.

In other recent news, Ouster Inc (NYSE:). it reported record revenue of $28 million in the third quarter of 2024, marking the seventh consecutive quarter of meeting or exceeding its financial guidance. The company expects fourth-quarter revenue to be between $29 million and $31 million. In a significant corporate development, Ouster’s board of directors has been reduced to seven members following the resignation of director Riaz Valani.

Northland analysts initiated coverage of Ouster stock with an Outperform rating following a significant merger that resulted in significant cost reductions and operational improvements. :

However, Cantor Fitzgerald upgraded shares of Ouster from neutral to overweight, albeit with a lower price target of $10.00. million and estimates for fiscal year 2026 revenue of up to $235.3 million.These latest developments reflect Ouster Inc the evolving financial landscape and strategic growth initiatives.

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