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

Owlet, Inc. (NYSE:OWLT) insider Jonathan Harris sold 7,740 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $4.30, for a total transaction of $33,282.00. Following the transaction, the insider now owns 280,877 shares in the company, valued at $1,207,771.10. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, January 7th, Jonathan Harris sold 16,439 shares of Owlet stock. The shares were sold at an average price of $4.45, for a total transaction of $73,153.55.

Owlet Stock Up 2.8 %

NYSE:OWLT traded up $0.12 during mid-day trading on Tuesday, hitting $4.38. 59,830 shares of the stock traded hands, compared to its average volume of 36,002. The stock has a market capitalization of $70.26 million, a price-to-earnings ratio of -1.83 and a beta of 1.50. Owlet, Inc. has a 52 week low of $3.20 and a 52 week high of $6.71. The firm’s 50 day moving average is $4.64 and its two-hundred day moving average is $4.58.

Hedge Funds Weigh In On Owlet

Hedge funds have recently added to or reduced their stakes in the company. 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 worth $264,000 after acquiring an additional 13,879 shares in the last quarter. Rosalind Advisors Inc. bought a new position in Owlet in the 3rd quarter worth about $1,212,000. Finally, Corsair Capital Management L.P. bought a new position in Owlet in the 3rd quarter worth about $2,598,000. 72.60% of the stock is currently owned by institutional investors.

About Owlet

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.