Owlet, Inc. (NYSE:OWLT) Insider Jonathan Harris Sells 16,439 Shares

Owlet, Inc. (NYSE:OWLT) insider Jonathan Harris sold 16,439 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $4.45, for a total value of $73,153.55. Following the sale, the insider now owns 288,617 shares in the company, valued at $1,284,345.65. This trade represents a 5.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Trading Up 2.8 %

Shares of OWLT traded up $0.12 during mid-day trading on Tuesday, reaching $4.38. The company had a trading volume of 59,830 shares, compared to its average volume of 36,002. Owlet, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $6.71. The firm has a fifty day simple moving average of $4.64 and a 200-day simple moving average of $4.58. The stock has a market cap of $70.26 million, a price-to-earnings ratio of -1.83 and a beta of 1.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rosalind Advisors Inc. acquired a new position in Owlet during the third quarter valued at approximately $1,212,000. Corsair Capital Management L.P. purchased a new position in shares of Owlet in the 3rd quarter valued at $2,598,000. Finally, 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 acquiring an additional 13,879 shares in the last quarter. Institutional investors and hedge funds 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.