OBOOK (NASDAQ:OWLS) CEO Buys $52,059.84 in Stock

OBOOK Holdings Inc. (NASDAQ:OWLS) CEO Chun Kai Wang acquired 12,192 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The shares were acquired at an average cost of $4.27 per share, with a total value of $52,059.84. Following the purchase, the chief executive officer directly owned 3,137,000 shares of the company’s stock, valued at $13,394,990. This trade represents a 0.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Chun Kai Wang also recently made the following trade(s):

• On Wednesday, September 2nd, Chun Kai Wang bought 11,600 shares of OBOOK stock. The shares were acquired at an average price of $5.01 per share, with a total value of $58,116.00.
• On Tuesday, September 1st, Chun Kai Wang bought 758 shares of OBOOK stock. The stock was acquired at an average price of $5.18 per share, for a total transaction of $3,926.44.

OBOOK Stock Performance

Shares of NASDAQ OWLS opened at $1.98 on Friday. The stock’s 50-day simple moving average is $5.21 and its two-hundred day simple moving average is $5.52. OBOOK Holdings Inc. has a twelve month low of $1.66 and a twelve month high of $13.89.

OBOOK (NASDAQ:OWLS) last posted its quarterly earnings data on Saturday, August 22nd. The company reported ($0.12) earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of OBOOK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.00.

OBOOK Company Profile

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.