Owlet, Inc. (NYSE:OWLT) Insider Jonathan Harris Sells 7,740 Shares of 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 shares were sold at an average price of $4.30, for a total value of $33,282.00. Following the transaction, the insider now directly owns 280,877 shares in the company, valued at approximately $1,207,771.10. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $4.45, for a total value of $73,153.55.

Owlet Stock Up 2.8 %

Shares of OWLT stock opened at $4.38 on Wednesday. The company has a 50 day moving average price of $4.64 and a 200-day moving average price of $4.58. Owlet, Inc. has a 52 week low of $3.20 and a 52 week high of $6.71. The firm has a market capitalization of $70.26 million, a PE ratio of -1.83 and a beta of 1.50.

Institutional Investors Weigh In On Owlet

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 13,879 shares during the period. Rosalind Advisors Inc. bought a new stake in shares of Owlet during the 3rd quarter valued at $1,212,000. Finally, Corsair Capital Management L.P. purchased a new stake in shares of Owlet in the 3rd quarter worth $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.