Insider Buying: OBOOK (NASDAQ:OWLS) CEO Purchases 11,600 Shares of Stock

OBOOK Holdings Inc. (NASDAQ:OWLS) CEO Chun Kai Wang acquired 11,600 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average cost of $5.01 per share, with a total value of $58,116.00. Following the completion of the transaction, the chief executive officer owned 3,124,808 shares in the company, valued at approximately $15,655,288.08. This represents a 0.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, September 1st, Chun Kai Wang purchased 758 shares of OBOOK stock. The shares were acquired at an average price of $5.18 per share, for a total transaction of $3,926.44.
• On Wednesday, June 10th, Chun Kai Wang acquired 2,344 shares of OBOOK stock. The stock was bought at an average price of $5.72 per share, with a total value of $13,407.68.

OBOOK Stock Up 0.7%

Shares of OBOOK stock traded up $0.04 during trading on Thursday, reaching $5.07. 21,019 shares of the company traded hands, compared to its average volume of 30,437. OBOOK Holdings Inc. has a 1-year low of $4.76 and a 1-year high of $90.00. The company has a 50 day moving average price of $5.50 and a 200-day moving average price of $5.73.

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

Institutional Trading of OBOOK

An institutional investor recently bought a new stake in OBOOK stock. Geode Capital Management LLC purchased a new stake in shares of OBOOK Holdings Inc. (NASDAQ:OWLS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 36,325 shares of the company’s stock, valued at approximately $243,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised OBOOK from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, OBOOK presently has a consensus rating of “Hold” and a consensus price target 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.