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 the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $4.45, for a total transaction of $73,153.55. Following the completion of the transaction, the insider now owns 288,617 shares of the company’s stock, valued at approximately $1,284,345.65. The trade was a 5.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $33,282.00.

Owlet Stock Down 0.2 %

NYSE OWLT opened at $4.47 on Friday. Owlet, Inc. has a twelve month low of $3.20 and a twelve month high of $6.34. The business has a 50-day moving average price of $4.61 and a 200-day moving average price of $4.58. The firm has a market cap of $71.70 million, a price-to-earnings ratio of -1.87 and a beta of 1.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OWLT. Geode Capital Management LLC lifted its holdings in shares of Owlet by 31.0% in 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. Corsair Capital Management L.P. bought a new stake in Owlet in the 3rd quarter valued at $2,598,000. Finally, Rosalind Advisors Inc. bought a new stake in Owlet in the 3rd quarter valued at $1,212,000. 72.60% of the stock is currently owned by institutional investors.

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.