Owlet, Inc. (NYSE:OWLT) Insider Sells $73,153.55 in Stock

Owlet, Inc. (NYSE:OWLT) insider Jonathan Harris sold 16,439 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $4.45, for a total value of $73,153.55. Following the completion of the transaction, the insider now directly owns 288,617 shares of the company’s stock, valued at approximately $1,284,345.65. This trade represents a 5.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, January 16th, Jonathan Harris sold 7,740 shares of Owlet stock. The stock was sold at an average price of $4.30, for a total transaction of $33,282.00.

Owlet Stock Down 0.2 %

Shares of Owlet stock opened at $4.47 on Friday. Owlet, Inc. has a twelve month low of $3.20 and a twelve month high of $6.34. The company’s 50 day moving average is $4.61 and its 200 day moving average is $4.58. The company has a market cap of $71.70 million, a price-to-earnings ratio of -1.87 and a beta of 1.50.

Hedge Funds Weigh In On Owlet

Several hedge funds and other institutional investors have recently modified their holdings of OWLT. Geode Capital Management LLC grew its holdings in shares of Owlet by 31.0% in 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 period. Rosalind Advisors Inc. bought a new position in Owlet in the third quarter valued at about $1,212,000. Finally, Corsair Capital Management L.P. purchased a new position in Owlet in the third quarter worth about $2,598,000. 72.60% of the stock is owned by 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.