Ouster CRO Cyrille Jacquemet sells $302,093 in OUST stock

Cyrille Jacquemet, Chief Revenue Officer at Ouster Inc. (NASDAQ: OUST), sold 8,896 shares of the company's common stock on September 14, 2026. The transaction was valued at $302,093 and was executed at prices ranging from $33.67 to $33.9661 per share. This sale was made to cover withholding taxes related to the vesting and settlement of restricted stock units.

Ouster's stock is currently trading at $33.99, marking a 59% increase over the past six months. However, InvestingPro analysis indicates the company is overvalued relative to its Fair Value. Following this transaction, Mr. Jacquemet still directly owns 105,538.50 shares of Ouster common stock. For those seeking more in-depth information, Ouster provides a comprehensive Pro Research Report as part of their suite of resources, which can be accessed on InvestingPro.

Recently, Ouster reported robust second-quarter financial results, with revenue increasing by 56% year-over-year to $55 million, surpassing expectations of $51.55 million. Despite this growth, the company reported an adjusted earnings per share loss of $0.27, which exceeded the anticipated loss of $0.12. Moreover, Ouster has expanded its contract with the Utah Department of Transportation, deploying Ouster BlueCity at an additional 160 intersections across the state.

Rosenblatt continues to maintain a Buy rating for Ouster, with a price target of $53.00, estimating revenue per intersection between $10,000 and $20,000. These developments underscore Ouster's ongoing growth and strategic expansions. This report was generated with the assistance of AI and reviewed by an editor, adhering to the company's Terms and Conditions.