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Ouster (NASDAQ:OUST) Posts Quarterly Earnings Results, Misses Estimates By $0.14 EPS
['Patrick Bannon']
Daily Political
Ouster strengthened its balance sheet with roughly $289 million in Q2 and early-Q3 equity proceeds, ending the latest offering with approximately 72 million shares outstanding.
Ouster Stock Down 4.8%Shares of Ouster stock traded down $2.18 during midday trading on Friday, hitting $43.40.
The company’s stock had a trading volume of 3,849,889 shares, compared to its average volume of 3,373,220.
Following the completion of the sale, the chief executive officer directly owned 1,072,201 shares of the company’s stock, valued at $41,622,842.82.
According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.67.