OBOOK (NASDAQ:OWLS) CEO Chun Kai Wang Acquires 11,600 Shares of Stock

OBOOK Holdings Inc. (NASDAQ:OWLS) CEO Chun Kai Wang purchased 11,600 shares of OBOOK stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average cost of $5.01 per share, for a total transaction of $58,116.00. Following the acquisition, the chief executive officer directly owned 3,124,808 shares of the company’s stock, valued at approximately $15,655,288.08. This represents a 0.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Chun Kai Wang also recently made the following trade(s):

• On Tuesday, September 1st, Chun Kai Wang acquired 758 shares of OBOOK stock. The shares were acquired at an average cost of $5.18 per share, with a total value of $3,926.44.
• On Wednesday, June 10th, Chun Kai Wang acquired 2,344 shares of OBOOK stock. The shares were bought at an average price of $5.72 per share, with a total value of $13,407.68.

OBOOK Stock Up 5.0%

OWLS stock opened at $5.28 on Friday. The stock’s 50 day moving average price is $5.49 and its 200 day moving average price is $5.73. OBOOK Holdings Inc. has a 1 year low of $4.76 and a 1 year high of $90.00.

OBOOK (NASDAQ:OWLS) last released its quarterly earnings results on Saturday, August 22nd. The company reported ($0.12) earnings per share for the quarter.

Institutional Investors Weigh In On OBOOK

An institutional investor recently bought a new stake in OBOOK stock. Geode Capital Management LLC bought a new position in shares of OBOOK Holdings Inc. (NASDAQ:OWLS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,325 shares of the company’s stock, valued at approximately $243,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut OBOOK from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.00.

About OBOOK

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.