Jonathan Harris Sells 1,851 Shares of Owlet (NYSE:OWLT) Stock

Owlet, Inc. (NYSE:OWLT) CEO Jonathan Harris sold 1,851 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $8.75, for a total value of $16,196.25. Following the transaction, the chief executive officer owned 317,309 shares in the company, valued at $2,776,453.75. This represents a 0.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 stock was 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 stock was sold at an average price of $10.65, for a total value of $37,701.00.

Owlet Stock Down 2.4%

Owlet stock opened at $4.82 on Friday. Owlet, Inc. has a twelve month low of $3.86 and a twelve month high of $16.94. The stock has a 50 day moving average of $6.63 and a two-hundred day moving average of $10.32. The company has a current ratio of 1.85, a quick ratio of 1.51 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $135.73 million, a price-to-earnings ratio of -1.78 and a beta of 1.84.

Owlet (NYSE:OWLT) last posted its quarterly earnings data on Thursday, March 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. The company had revenue of $26.55 million for the quarter, compared to analyst estimates of $26.01 million. As a group, research analysts expect that Owlet, Inc. will post -0.63 earnings per share for the current year.

Owlet News Summary

Here are the key news stories impacting Owlet this week:

• Positive Sentiment: Owlet reported a better-than-expected March quarter (EPS -$0.03 vs. -$0.13 consensus; revenue $26.55M vs. $26.01M), which supports near‑term confidence that revenue and margins may stabilize. MarketBeat: Owlet quarter beat
• Positive Sentiment: Large institutional buyers have added stakes recently (several funds disclosed increased positions), leaving institutional ownership high — a constructive backdrop for liquidity and potential price support. MarketBeat: Institutional holdings
• Neutral Sentiment: Executives continue to sell shares, but filings repeatedly state sales were to cover tax withholding on vested awards (routine pretext). The activity is disclosed across multiple Form 4 filings; investors should note these are recurring, not necessarily opportunistic. SEC Form 4 filings
• Negative Sentiment: A Zacks earnings preview warns Owlet lacks the setup for a Q1 beat and expects earnings to decline; if Q1 results or guidance disappoint, that could put renewed downward pressure on the stock despite the recent quarter’s outperformance. Zacks: Q1 earnings preview

Institutional Trading of Owlet

A number of institutional investors have recently modified their holdings of the business. Informed Momentum Co LLC boosted its stake in shares of Owlet by 1.6% in the fourth quarter. Informed Momentum Co LLC now owns 112,893 shares of the company’s stock valued at $1,828,000 after buying an additional 1,737 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Owlet in the fourth quarter valued at approximately $60,000. Perkins Capital Management Inc. boosted its stake in shares of Owlet by 3.9% in the first quarter. Perkins Capital Management Inc. now owns 106,095 shares of the company’s stock valued at $545,000 after buying an additional 3,990 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Owlet by 3.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 121,741 shares of the company’s stock valued at $1,971,000 after buying an additional 4,160 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Owlet by 6,517.7% in the third quarter. Bank of America Corp DE now owns 5,228 shares of the company’s stock valued at $44,000 after buying an additional 5,149 shares in the last quarter. 72.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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