Owlet, Inc. (NYSE:OWLT) Insider Sells $33,282.00 in Stock

Owlet, Inc. (NYSE:OWLT) insider Jonathan Harris sold 7,740 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $4.30, for a total transaction of $33,282.00. Following the completion of the transaction, the insider now directly owns 280,877 shares of the company’s stock, valued at $1,207,771.10. This represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, January 7th, Jonathan Harris sold 16,439 shares of Owlet stock. The shares were sold at an average price of $4.45, for a total value of $73,153.55.

Owlet Trading Up 1.6 %

Shares of OWLT opened at $4.45 on Thursday. The business’s 50 day moving average is $4.62 and its 200 day moving average is $4.58. Owlet, Inc. has a 12-month low of $3.20 and a 12-month high of $6.39. The company has a market capitalization of $71.36 million, a PE ratio of -1.86 and a beta of 1.50.

Institutional Investors Weigh In On Owlet

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position 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 acquiring an additional 13,879 shares during the last quarter. Rosalind Advisors Inc. purchased a new stake in Owlet in the 3rd quarter worth $1,212,000. Finally, Corsair Capital Management L.P. purchased a new position in shares of Owlet during the third quarter valued at about $2,598,000. Institutional investors 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.