Insider Selling: Owlet, Inc. (NYSE:OWLT) Insider Sells 16,439 Shares of Stock

Owlet, Inc. (NYSE:OWLT) insider Jonathan Harris sold 16,439 shares of Owlet stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $4.45, for a total value of $73,153.55. Following the transaction, the insider now directly owns 288,617 shares of the company’s stock, valued at $1,284,345.65. This trade represents a 5.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jonathan Harris also recently made the following trade(s):

• On Thursday, January 16th, Jonathan Harris sold 7,740 shares of Owlet stock. The shares were sold at an average price of $4.30, for a total transaction of $33,282.00.

Owlet Trading Up 2.8 %

Shares of OWLT stock traded up $0.12 during trading hours on Tuesday, hitting $4.38. The company’s stock had a trading volume of 59,830 shares, compared to its average volume of 36,002. The business has a fifty day moving average of $4.64 and a 200-day moving average of $4.58. Owlet, Inc. has a twelve month low of $3.20 and a twelve month high of $6.71. The stock has a market cap of $70.26 million, a price-to-earnings ratio of -1.83 and a beta of 1.50.

Institutional Investors Weigh In On Owlet

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of Owlet by 31.0% during the third quarter. Geode Capital Management LLC now owns 58,684 shares of the company’s stock worth $264,000 after buying an additional 13,879 shares in the last quarter. Rosalind Advisors Inc. purchased a new stake in Owlet in the 3rd quarter worth approximately $1,212,000. Finally, Corsair Capital Management L.P. acquired a new position in Owlet in the 3rd quarter valued at $2,598,000. Institutional investors and hedge funds own 72.60% of the company’s stock.

Owlet Company 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.