Zinger Key Points
- Ouster Inc (NYSE: OUST) is witnessing increased trading activity fueled by news of insider buying.
- Despite recent insider selling trends, the significant purchases by Pacala and Frichtl signal a bullish sentiment towards Ouster's growth.
- The new Benzinga Rankings show you exactly how stocks stack up—scoring them across five key factors that matter most to investors. Every day, one stock rises to the top. Which one is leading today?
Ouster Inc OUST experienced a surge in volume Friday afternoon after the company disclosed insider stock purchases.
What To Know: President and CEO Angus Charles Pacala, along with Chief Technology Officer Mark Frichtl, have made notable purchases of company shares, which could potentially drive optimism among investors.
According to a recent Form4 filing, Charles Pacala acquired 16,000 shares at an average price of $12.33 per share, while Mark Frichtl purchased 8,000 shares at an average price of $12.34 per share on May 15, 2024. This could be a possible sign of confidence from the company’s leadership in its future prospects.
What Else: Ouster provides LiDAR sensors for applications in the automotive, industrial, robotics and smart infrastructure sectors. The company saw revenue growth of 102.98% over the past year.
OUST Price Action: Ouster Inc shares are trading higher by 11.5 % at $ 13.00 according to benzinga Pro.
See Also: Decoding The FFIE Surge: Inside Faraday Future’s Nasdaq Rally
Image: Courtesy of Ouster Inc.
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