Ouster president and CEO Angus Pacala sells $1.03m in stock

Ouster CEO Angus Pacala divested 30,385 shares of company stock on September 14, 2026, amounting to roughly $1.03 million. The stock was sold at an average price of $33.96 per share, with individual sales falling between $33.71 and $33.97. The transactions were executed under a pre-established trading plan to settle taxes due upon the vesting of restricted stock units.

The recent sale occurs as Ouster's stock has risen 58.9% over the past six months, currently trading near $33.99. However, analysts believe the stock is overvalued, with price targets ranging from $52 to $75. Ouster's market capitalization stands at $2.36 billion. Following the stock sale, Pacala personally owns 1,041,816 shares of Ouster common stock.

Meanwhile, Ouster recently reported second-quarter revenue exceeding market expectations, growing by 56% year-over-year to $55 million. Despite this growth, the company's adjusted earnings per share showed a larger-than-anticipated loss of $0.27, compared to the predicted loss of $0.12. Ouster has also extended its contract with the Utah Department of Transportation, deploying Ouster BlueCity at 160 additional intersections.

Rosenblatt maintained a Buy rating on Ouster with a price target of $53.00 based on the contract expansion, estimating revenue per intersection between $10,000 and $20,000.