Owlet (NYSE:OWLT) CEO Jonathan Harris Sells 3,423 Shares of Stock

Owlet, Inc. (NYSE:OWLT) CEO Jonathan Harris sold 3,423 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $10.49, for a total value of $35,907.27. Following the sale, the chief executive officer owned 313,886 shares of the company’s stock, valued at $3,292,664.14. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jonathan Harris also recently made the following trade(s):

• On Thursday, February 26th, Jonathan Harris sold 12,676 shares of Owlet stock. The shares were sold at an average price of $11.50, for a total value of $145,774.00.
• On Tuesday, February 17th, Jonathan Harris sold 3,540 shares of Owlet stock. The shares were sold at an average price of $10.65, for a total value of $37,701.00.

Owlet Stock Up 1.7%

Shares of Owlet stock opened at $4.94 on Friday. The business has a 50-day moving average of $6.63 and a 200-day moving average of $10.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.85 and a quick ratio of 1.51. The company has a market capitalization of $139.19 million, a PE ratio of -1.82 and a beta of 2.00. Owlet, Inc. has a 1-year low of $3.78 and a 1-year high of $16.94.

Owlet (NYSE:OWLT) last announced its earnings results on Thursday, March 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.10. The business had revenue of $26.55 million for the quarter, compared to analyst estimates of $26.01 million. As a group, equities analysts forecast that Owlet, Inc. will post -0.63 EPS for the current fiscal year.

Owlet News Roundup

Here are the key news stories impacting Owlet this week:

• Positive Sentiment: Owlet beat consensus in its March quarter — reported -$0.03 EPS vs. a -$0.13 consensus and revenue of $26.55M vs. $26.01M expected, which supports near-term confidence that revenue and margins can stabilize. Read More.
• Positive Sentiment: Large institutional investors have been adding stakes (e.g., Eclipse Operations, AWM, Granahan, Next Century Growth), signaling conviction from institutional buyers — institutional ownership is high (~72.6%), which can support liquidity and price stability. Read More.
• Neutral Sentiment: Consolidated insider sales disclosed across 2023–2026: CEO Jonathan Harris sold 12,676 shares (Feb 26 at $11.50) and CFO Amanda Crawford sold 6,892 shares (Feb 27 at $11.50), plus earlier smaller disposals by executives. Filings state these were to cover tax withholding on vested awards — not labeled as opportunistic liquidations, but the size and frequency of filings can pressure sentiment if they continue. See CEO and CFO Form 4 filings for details. Read More. Read More.
• Negative Sentiment: An earnings preview from Zacks warns Owlet likely lacks the setup for a Q1 beat and expects earnings to decline — a weaker-than-expected Q1 or cautious guidance could put downside pressure on the stock despite the recent quarter’s beat. Read More.

Institutional Investors Weigh In On Owlet

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in Owlet in the first quarter valued at approximately $43,000. XTX Topco Ltd bought a new stake in Owlet during the second quarter valued at about $90,000. Marshall Wace LLP bought a new stake in Owlet during the second quarter valued at about $336,000. Vanguard Group Inc. boosted its holdings in Owlet by 86.3% during the third quarter. Vanguard Group Inc. now owns 389,840 shares of the company’s stock valued at $3,302,000 after acquiring an additional 180,619 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Owlet by 6,517.7% during the third quarter. Bank of America Corp DE now owns 5,228 shares of the company’s stock valued at $44,000 after acquiring an additional 5,149 shares during the period. Institutional investors and hedge funds own 72.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OWLT shares. TD Cowen reissued a “buy” rating on shares of Owlet in a report on Friday, March 6th. Zacks Research cut Owlet from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Owlet in a report on Tuesday, April 21st. Finally, Wall Street Zen cut Owlet from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.00.

About Owlet

Owlet Baby Care, Inc is a consumer health technology company specializing in the design and manufacture of smart baby monitoring products. The company’s flagship device, the Owlet Smart Sock, is a wearable monitor that tracks a newborn’s heart rate and oxygen saturation levels and transmits real-time data to a mobile app. Owlet has since expanded its product suite to include the Owlet Cam, an HD video monitor with audio and motion alerts, and the Dream Sock, a non-wearable device that collects sleep metrics to help parents understand and improve their baby’s rest patterns.

Founded in 2013 by engineer and father Kurt Workman, Owlet is headquartered in Lehi, Utah.