Insider Selling: Owlet, Inc. (NYSE:OWLT) Insider Sells $33,282.00 in Stock

Owlet, Inc. (NYSE:OWLT) insider Jonathan Harris sold 7,740 shares of the 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 completion of the sale, the insider now directly owns 280,877 shares of the company’s stock, valued at $1,207,771.10. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 transaction of $73,153.55.

Owlet Stock Performance

Owlet stock opened at $4.47 on Friday. Owlet, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $6.34. The firm’s 50-day simple moving average is $4.61 and its 200 day simple moving average is $4.58. The stock has a market cap of $71.70 million, a PE ratio of -1.87 and a beta of 1.50.

Hedge Funds Weigh In On Owlet

Hedge funds and other institutional investors have recently modified their holdings of the business. Corsair Capital Management L.P. purchased a new stake in shares of Owlet during the third quarter valued at approximately $2,598,000. Rosalind Advisors Inc. purchased a new position in Owlet in the third quarter worth $1,212,000. Finally, Geode Capital Management LLC grew its stake in Owlet by 31.0% in the 3rd quarter. Geode Capital Management LLC now owns 58,684 shares of the company’s stock valued at $264,000 after purchasing an additional 13,879 shares during the period. Hedge funds and other 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.