Ouster Vice-Chairman of the Board & Lead Independent Director Susan Heystee Sells 27% Of Holding

We'd be surprised if Ouster, Inc. (NASDAQ:OUST) shareholders haven't noticed that the Vice-Chairman of the Board & Lead Independent Director, Susan Heystee, recently sold US$292k worth of stock at US$25.03 per share. That sale was 27% of their holding, so it does make us raise an eyebrow.

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Ouster Insider Transactions Over The Last Year

In fact, the recent sale by Vice-Chairman of the Board & Lead Independent Director Susan Heystee was not their only sale of Ouster shares this year. Earlier in the year, they fetched US$30.00 per share in a -US$1.2m sale. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$21.40. So it is hard to draw any strong conclusion from it.

In the last year Ouster insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Ouster

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Ouster insiders own 4.4% of the company, worth about US$55m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Ouster Insiders?

An insider hasn't bought Ouster stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ouster. For example - Ouster has 4 warning signs we think you should be aware of.

But note: Ouster may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.