Key Points
- CEO Chun Kai Wang purchased 11,600 OBOOK shares at an average price of $5.01, investing $58,116 and increasing his position by 0.37% to 3.12 million shares.
- OBOOK shares opened at $5.28, up 5.0%, but remain below their 50-day and 200-day moving averages. The company reported a quarterly loss of $0.12 per share.
- Analyst sentiment is mixed, with one Buy and one Sell rating, resulting in a consensus “Hold” rating and an average price target of $11.00; Weiss Ratings also downgraded the stock to “sell (e+).”
OBOOK Holdings Inc. (NASDAQ:OWLS - Get Free Report) CEO Chun Kai Wang bought 11,600 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average price of $5.01 per share, with a total value of $58,116.00. Following the completion of the acquisition, the chief executive officer owned 3,124,808 shares of the company's stock, valued at $15,655,288.08. This trade represents a 0.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Chun Kai Wang also recently made the following trade(s):
- On Tuesday, September 1st, Chun Kai Wang purchased 758 shares of OBOOK stock. The shares were bought at an average cost of $5.18 per share, with a total value of $3,926.44.
- On Wednesday, June 10th, Chun Kai Wang acquired 2,344 shares of OBOOK stock. The shares were purchased at an average price of $5.72 per share, with a total value of $13,407.68.
OBOOK Stock Up 5.0%
Shares of OWLS opened at $5.28 on Friday. The stock's fifty day simple moving average is $5.49 and its 200 day simple moving average is $5.73. OBOOK Holdings Inc. has a twelve month low of $4.76 and a twelve month high of $90.00.
OBOOK (NASDAQ:OWLS - Get Free Report) last posted its quarterly earnings results on Saturday, August 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut OBOOK from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $11.00.
View Our Latest Report on OWLS
Institutional Investors Weigh In On OBOOK
An institutional investor recently bought a new stake in OBOOK stock. Geode Capital Management LLC bought a new stake in shares of OBOOK Holdings Inc. (NASDAQ:OWLS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 36,325 shares of the company's stock, valued at approximately $243,000.
OBOOK Company Profile
(
Get Free Report)
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.
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