Rosalind Advisors Inc. Sells 220,559 Shares of Owlet, Inc. (NYSE:OWLT)

Rosalind Advisors Inc. trimmed its stake in Owlet, Inc. (NYSE:OWLT) by 81.7% in the 4th quarter, HoldingsChannel reports. The fund owned 49,441 shares of the company’s stock after selling 220,559 shares during the quarter. Owlet comprises 0.1% of Rosalind Advisors Inc.’s investment portfolio, making the stock its 28th largest position. Rosalind Advisors Inc.’s holdings in Owlet were worth $220,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in OWLT. Corsair Capital Management L.P. acquired a new position in Owlet during the 3rd quarter valued at about $2,598,000. Geode Capital Management LLC increased its position in 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 in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in Owlet during the 4th quarter valued at about $113,000. 72.60% of the stock is owned by institutional investors.

Owlet Price Performance

Shares of NYSE:OWLT opened at $4.22 on Friday. The business’s 50-day moving average is $4.62 and its 200 day moving average is $4.66. Owlet, Inc. has a 1 year low of $3.20 and a 1 year high of $5.65. The firm has a market capitalization of $69.84 million, a P/E ratio of -1.76 and a beta of 1.49.

Analyst Ratings Changes

Separately, Lake Street Capital started coverage on Owlet in a research report on Friday, February 21st. They set a “buy” rating and a $8.50 target price on the stock.

Insider Activity at Owlet

In other Owlet news, insider Jonathan Harris sold 7,740 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $4.30, for a total transaction of $33,282.00. Following the sale, the insider now owns 280,877 shares in the company, valued at approximately $1,207,771.10. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 24,361 shares of company stock valued at $107,218 in the last ninety days. Corporate insiders own 67.07% of the company’s stock.

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.