Insider Selling: Cepton, Inc. (NASDAQ:CPTN) Insider Sells 6,305 Shares of 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 shares were sold at an average price of $2.53, for a total value of $15,951.65. Following the completion of the sale, the insider now directly owns 81,486 shares of the company’s stock, valued at $206,159.58. The transaction was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $2.84, for a total value of $9,627.60.

Cepton Trading Up 1.2 %

CPTN stock traded up $0.03 during mid-day trading on Friday, reaching $2.55. 7,317 shares of the stock traded hands, compared to its average volume of 24,292. Cepton, Inc. has a one year low of $2.38 and a one year high of $8.90. The business has a 50-day moving average price of $2.89 and a two-hundred day moving average price of $2.98.

Cepton (NASDAQ:CPTN) last announced its earnings results on Thursday, March 28th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.03. The business had revenue of $4.95 million for the quarter, compared to analysts’ expectations of $2.00 million. As a group, analysts anticipate that Cepton, Inc. will post -2.17 earnings per share for the current year.

About Cepton

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.