Jonathan Harris Sells 7,740 Shares of Owlet, Inc. (NYSE:OWLT) Stock

Owlet, Inc. (NYSE:OWLT) insider Jonathan Harris sold 7,740 shares of Owlet stock in a transaction on Thursday, January 16th. The stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $73,153.55.

Owlet Stock Up 1.6 %

Shares of NYSE:OWLT opened at $4.45 on Thursday. The stock has a market capitalization of $71.36 million, a PE ratio of -1.86 and a beta of 1.50. The firm’s 50 day moving average price is $4.62 and its 200-day moving average price is $4.58. Owlet, Inc. has a twelve month low of $3.20 and a twelve month high of $6.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings 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 purchasing an additional 13,879 shares during the period. Rosalind Advisors Inc. bought a new position in shares of Owlet in the third quarter worth about $1,212,000. Finally, Corsair Capital Management L.P. bought a new position in shares of Owlet in the third quarter worth about $2,598,000. 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.