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SAN FRANCISCO—Ouster, Inc. (NYSE:OUST) recently disclosed that its Chief Operating Officer, Darien Spencer, executed a sale of company stock. According to a regulatory filing, Spencer sold a total of 249 shares of common stock on March 17, 2025, at a price of $8.02 per share. This transaction amounted to a total value of $1,996. The sale comes as the stock has shown significant momentum, with a 74% return over the past year and a 41% gain in the last six months.
The filing noted that the shares were sold to cover withholding taxes incurred upon the vesting and settlement of restricted stock units. Following this transaction, Spencer holds 286,732 shares of Ouster, Inc. The company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 3.12.
Ouster, Inc., headquartered in San Francisco, specializes in industrial machinery and equipment. The company is known for its technology solutions in the industrial sector. With its earnings report due in just two days, InvestingPro analysis suggests the stock is currently undervalued, while analysts project continued sales growth this year. InvestingPro subscribers have access to 12 additional key insights about OUST’s financial health and market position.
In other recent news, Ouster, Inc. announced a preliminary update on its fourth-quarter revenue for 2024, anticipating results within the previously announced guidance range of $29 million to $31 million. These figures are subject to customary final adjustments. Additionally, Ouster introduced its on-sensor 3D Zone Monitoring feature for the REV7 digital lidar products. This new capability allows sensors to detect objects within predefined zones, triggering real-time alerts or actions, and is expected to enhance the usability of their products across various industrial applications. The feature responds to demand from the material handling industry, aiming to optimize development processes for collision avoidance systems.
Meanwhile, Ouster’s Chief Financial Officer Mark Weinswig announced his resignation, effective January 31, 2025, to pursue another career opportunity. Chen Geng, the current Vice President of Strategic Finance and Treasurer, will serve as the Interim CFO. The company stated that Weinswig’s departure is not related to any disagreements over operations or policies. CEO Angus Pacala expressed gratitude for Weinswig’s contributions, highlighting his confidence in Ouster’s future. The search for a permanent CFO is currently underway.
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