Insider Selling: Owlet, Inc. (NYSE:OWLT) Insider Sells 7,740 Shares of Stock

Owlet, Inc. (NYSE:OWLT) insider Jonathan Harris sold 7,740 shares of Owlet stock in a transaction that occurred 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 sale, the insider now directly owns 280,877 shares in the company, valued at $1,207,771.10. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

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

Owlet Price Performance

Shares of NYSE OWLT opened at $4.47 on Friday. The business’s fifty day moving average price is $4.61 and its 200-day moving average price is $4.58. Owlet, Inc. has a one year low of $3.20 and a one year high of $6.34. The stock has a market capitalization of $71.70 million, a PE ratio of -1.87 and a beta of 1.50.

Institutional Investors Weigh In On Owlet

Several institutional investors have recently added to or reduced their stakes in the business. Corsair Capital Management L.P. bought a new stake in shares of Owlet in the third quarter valued at approximately $2,598,000. Rosalind Advisors Inc. purchased a new position in Owlet in the 3rd quarter valued at approximately $1,212,000. Finally, Geode Capital Management LLC raised its holdings in Owlet by 31.0% during the 3rd quarter. Geode Capital Management LLC now owns 58,684 shares of the company’s stock valued at $264,000 after acquiring an additional 13,879 shares during the period. 72.60% of the stock is owned by hedge funds and other 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.