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

Owlet, Inc. (NYSE:OWLT) insider Jonathan Harris sold 16,439 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $4.45, for a total value of $73,153.55. Following the completion of 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 sale was disclosed in a filing with the SEC, which is accessible 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 value of $33,282.00.

Owlet Stock Performance

OWLT stock opened at $4.38 on Wednesday. The firm has a 50 day simple moving average of $4.64 and a 200 day simple moving average of $4.58. Owlet, Inc. has a 52 week low of $3.20 and a 52 week high of $6.71. The stock has a market cap of $70.26 million, a P/E ratio of -1.83 and a beta of 1.50.

Hedge Funds Weigh In On Owlet

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