Cepton, Inc. (NASDAQ:CPTN) Insider Sells $15,951.65 in Stock

Cepton, Inc. (NASDAQ:CPTN) insider Mitchell Hourtienne sold 6,305 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $2.53, for a total transaction of $15,951.65. Following the completion of the transaction, the insider now directly owns 81,486 shares in the company, valued at approximately $206,159.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mitchell Hourtienne also recently made the following trade(s):

• On Wednesday, May 15th, Mitchell Hourtienne sold 3,390 shares of Cepton stock. The shares were sold at an average price of $2.84, for a total transaction of $9,627.60.

Cepton Stock Up 1.6 %

Shares of NASDAQ:CPTN opened at $2.56 on Monday. Cepton, Inc. has a 1-year low of $2.38 and a 1-year high of $8.90. The firm’s 50 day simple moving average is $2.89 and its two-hundred day simple moving average is $2.96.

Cepton (NASDAQ:CPTN) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.03. The firm had revenue of $4.95 million for the quarter, compared to analysts’ expectations of $2.00 million. On average, sell-side analysts anticipate that Cepton, Inc. will post -1.11 EPS for the current fiscal year.

Cepton Company Profile

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.