Ouster's shares fell 11.2% on Thursday. The stock traded as low as $26.49 during the session. This price marks a sharp decline from the previous close of $29.40.
Chief Technology Officer Mark Frichtl sold 13,451 shares on Tuesday, May 5th. The shares were sold at an average price of $30.00. The total transaction value amounted to $403,530.
Ouster announced a strategic collaboration with DXOMARK on May 7. The partnership focuses on testing and optimizing new Rev8 native color lidar sensors. Cantor Fitzgerald reiterated a neutral rating on the company's stock.