Rosalind Advisors Inc. Makes New $1.21 Million Investment in Owlet, Inc. (NYSE:OWLT)

Rosalind Advisors Inc. purchased a new stake in Owlet, Inc. (NYSE:OWLT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 270,000 shares of the company’s stock, valued at approximately $1,212,000. Owlet accounts for approximately 0.8% of Rosalind Advisors Inc.’s holdings, making the stock its 21st largest position.

Owlet Stock Performance

OWLT opened at $5.40 on Wednesday. The stock has a market capitalization of $82.51 million, a PE ratio of -2.06 and a beta of 1.56. Owlet, Inc. has a one year low of $3.20 and a one year high of $7.50. The business’s 50 day moving average price is $4.60 and its 200 day moving average price is $4.35.

Owlet Profile

Owlet, Inc provides digital parenting solutions in the United States and internationally. The company's platform focuses on giving real-time data and insights to parents. It offers Dream Sock, a wearable infant health monitor equipped with pulse oximetry technology to track vitals signs, such as pulse rate, oxygen, activity, and sleep patterns; BabySat which is intended for infants with heightened health risk; Owlet Cam, a monitoring device in smartphones that offers video and audio, predictive sleep insights, and cry detections; and accessories, including Owlet Sleeper, as well as Duo and Dream Duo that combines Smart Sock with the Owlet Cam.