OBOOK (NASDAQ:OWLS) Stock: Insider Chun Kai Wang Buys 11,105 Shares

OBOOK Holdings Inc. (NASDAQ:OWLS) CEO Chun Kai Wang purchased 11,105 shares of the stock in a transaction dated Monday, October 26th. The shares were purchased at an average price of $2.01 per share, with a total value of $22,321.05. Following the completion of the transaction, the chief executive officer owned 3,148,105 shares of the company’s stock, valued at approximately $6,327,691.05. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, October 19th, Chun Kai Wang acquired 12,192 shares of OBOOK stock. The stock was purchased at an average cost of $4.27 per share, with a total value of $52,059.84.
• On Wednesday, September 2nd, Chun Kai Wang bought 11,600 shares of OBOOK stock. The shares were purchased at an average cost of $5.01 per share, for a total transaction of $58,116.00.
• On Tuesday, September 1st, Chun Kai Wang bought 758 shares of OBOOK stock. The shares were purchased at an average cost of $5.18 per share, for a total transaction of $3,926.44.

OBOOK Stock Performance

Shares of OBOOK stock opened at $2.04 on Tuesday. The business has a 50-day moving average of $5.20 and a 200 day moving average of $5.67. OBOOK Holdings Inc. has a 12 month low of $1.36 and a 12 month high of $13.89.

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of OBOOK from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.00.

OBOOK Company Profile

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.