Ouster director Stephen Skaggs sells $170,000 in common stock

Ouster director Stephen A. Skaggs recently sold 5,000 shares of the company's common stock, amounting to $170,000, on November 6, 2026. The shares were sold at $34.00 per share, and the stock has since appreciated to $38.22, representing a 14% gain over the past week and a 77% year-to-date return. Following the sales, Mr. Skaggs retains 56,415 shares of Ouster common stock.

The transactions were executed under a Rule 10b5-1 trading plan established on September 8, 2025. Recent analysis suggests the stock may be overvalued at present levels. Ouster's third-quarter 2026 revenue exceeded Wall Street expectations, reaching $59.32 million, surpassing the forecast of $57.34 million. This indicates strong demand for the company's lidar, camera, and software products.

Despite this revenue increase, Ouster reported an adjusted earnings per share loss of $0.20, higher than the expected loss of $0.08. Oppenheimer maintained its Outperform rating on Ouster, citing strong perceptions and compute capabilities, software offerings, color capabilities, optimized compute, sensor fusion, and AI as key factors contributing to the company's success and enhanced customer relationships.