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

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

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

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

Owlet Stock Up 2.8 %

OWLT opened at $4.38 on Wednesday. The firm has a market cap of $70.26 million, a PE ratio of -1.83 and a beta of 1.50. The business has a fifty day simple moving average of $4.64 and a 200-day simple moving average of $4.58. Owlet, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $6.71.

Institutional Investors Weigh In On Owlet

Several hedge funds have recently modified their holdings of OWLT. Geode Capital Management LLC raised its holdings in Owlet by 31.0% during the 3rd quarter. Geode Capital Management LLC now owns 58,684 shares of the company’s stock worth $264,000 after buying an additional 13,879 shares during the period. Rosalind Advisors Inc. purchased a new position in shares of Owlet in the third quarter worth approximately $1,212,000. Finally, Corsair Capital Management L.P. acquired a new stake in shares of Owlet during the third quarter valued at approximately $2,598,000. 72.60% of the stock is owned by hedge funds and other 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.