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

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

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 transaction of $33,282.00.

Owlet Trading Up 1.6 %

NYSE:OWLT opened at $4.45 on Thursday. Owlet, Inc. has a 12 month low of $3.20 and a 12 month high of $6.39. The company has a 50-day moving average price of $4.62 and a 200-day moving average price of $4.58. The stock has a market cap of $71.36 million, a price-to-earnings ratio of -1.86 and a beta of 1.50.

Institutional Trading of Owlet

Several institutional investors and hedge funds have recently bought and sold shares of OWLT. Rosalind Advisors Inc. bought a new position in shares of Owlet in the 3rd quarter worth approximately $1,212,000. Corsair Capital Management L.P. purchased a new stake in Owlet in the third quarter worth $2,598,000. Finally, Geode Capital Management LLC grew its stake in Owlet by 31.0% in the third 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. 72.60% of the stock is currently 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.