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SAN FRANCISCO—Megan Chung, General Counsel and Secretary of Ouster, Inc. (NYSE:OUST), has recently sold a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Chung sold 5,800.2 shares of common stock on March 26, 2025. The shares were sold at a weighted average price of $11.24, resulting in a total transaction value of approximately $65,194. The transaction occurred as the stock has shown significant volatility, with a 57% gain over the past six months despite a recent 10% decline in the past week.
The sale was executed as part of a pre-arranged Rule 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a set time. This plan was established on December 13, 2024, to cover taxes incurred upon the vesting of restricted stock units.
Following the transaction, Chung retains ownership of 220,761.8 shares in the company. As General Counsel and Secretary, she plays a crucial role in Ouster, a company specializing in advanced industrial machinery and equipment with a market capitalization of $512 million. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 2.8 and holds more cash than debt on its balance sheet. InvestingPro’s comprehensive analysis includes 8 additional key insights available to subscribers.
In other recent news, Ouster Inc (NASDAQ:OUST). reported its fourth-quarter 2024 earnings, showing a revenue of $30 million, which exceeded forecasts of $29.75 million. However, the company posted an EPS of -0.48, missing the expected -0.35. Despite this earnings miss, Ouster’s revenue grew for the eighth consecutive quarter, with full-year revenue reaching $111 million, a 33% year-over-year increase. The company maintains a strong cash position with $175 million and zero debt. Additionally, Ouster shipped more than 17,300 sensors in fiscal year 2024, up from over 13,500 in the previous year, highlighting its competitive edge in the Lidar industry.
Oppenheimer recently began coverage of Ouster, assigning an Outperform rating and a $16 price target, reflecting confidence in the company’s market position. Cantor Fitzgerald also raised its price target for Ouster from $10 to $11, maintaining an Overweight rating, citing the company’s diverse product line and robust customer base. Ouster’s management has outlined strategic priorities for fiscal year 2025, including scaling its software business and transforming its product portfolio to enhance profitability. These developments indicate a strategic focus on growth and expansion within the Lidar and Industrial AI markets.
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