Stephen A. Skaggs, a member of Ouster, Inc.'s (NASDAQ:OUST) board of directors, has disposed of 5,000 shares of the company's common stock, according to a recent filing. The transaction, which took place on November 6, 2026, was valued at $170,000, with each share priced at $34.00.
The sale was conducted under a Rule 10b5-1 trading plan, a pre-arranged mechanism that allows insiders to sell shares at predetermined times to avoid accusations of trading on material nonpublic information. Skaggs established this plan on September 8, 2025. Following the disposal, he directly holds 56,415 shares of Ouster common stock.
Ouster's stock has since moved higher, reaching $38.22. That level represents a 14% gain over the past week and an impressive 77% return year-to-date. The share price appreciation means the stock now trades above the $34.00 sale price.
In other recent developments, Ouster reported third-quarter 2026 revenue that exceeded Wall Street expectations, reaching a record $59.32 million. This figure topped the forecasted $57.34 million, signaling strong demand for the company's lidar, camera, and software products. However, despite the revenue beat, Ouster posted an adjusted earnings per share loss of $0.20, which was wider than the anticipated loss of $0.08.
Separately, Oppenheimer reiterated its Outperform rating on Ouster and maintained a price target of $57.00. The firm highlighted Ouster's perception and compute capabilities, as well as its software offerings, as key drivers of strong results and enhanced customer relationships. Oppenheimer also pointed to the company's color capabilities, optimized compute, sensor fusion, and AI capabilities as comprehensive solutions for customer roadmaps.
These recent developments reflect ongoing interest and activity surrounding Ouster's technological advancements and market performance.