{
  "id": 7908123,
  "title": "Ouster president and CEO Angus Pacala sells $1.03m in stock",
  "url": "https://urgent.news/2026/09/17/ouster-president-and-ceo-angus-pacala-sells-1-03m-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T00:19:55.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/ouster-president-and-ceo-angus-pacala-sells-103m-in-stock-93CH-4904716"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [
    "Angus Pacala sold $1.03m in Ouster stock on September 14, 2026",
    "Pacala's sale at $33.96 per share reflects tax planning for restricted stock units",
    "Ouster's stock up 58.9% in six months, currently near $33.99"
  ],
  "editors_take": "The sale of $1.03 million in Ouster stock by CEO Angus Pacala does not appear to have dented analyst confidence, with Rosenblatt maintaining a Buy rating and $53 price target.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Ouster general counsel Megan Chung sells $389,993 in stock",
        "url": "https://urgent.news/2026/09/17/ouster-general-counsel-megan-chung-sells-389-993-in-stock",
        "published": "2026-09-17T00:30:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}