Owlet, Inc. (NYSE:OWLT - Get Free Report) CEO Jonathan Harris sold 1,945 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $8.03, for a total value of $15,618.35. Following the completion of the transaction, the chief executive officer directly owned 262,451 shares in the company, valued at $2,107,481.53. The trade was a 0.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 Price Performance
Owlet stock opened at $4.94 on Friday. Owlet, Inc. has a 12 month low of $3.78 and a 12 month high of $16.94. The stock's 50 day moving average is $6.63 and its 200-day moving average is $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 company has a market capitalization of $139.19 million, a price-to-earnings ratio of -1.82 and a beta of 2.00.
Owlet (NYSE:OWLT - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.10. The firm had revenue of $26.55 million during the quarter, compared to analyst estimates of $26.01 million. Equities research analysts expect that Owlet, Inc. will post -0.63 EPS for the current year.
More Owlet News
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.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Owlet in a research note on Tuesday, April 21st. Zacks Research cut Owlet from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 2nd. Wall Street Zen cut Owlet from a "hold" rating to a "sell" rating in a research note on Saturday, March 14th. Finally, TD Cowen reiterated a "buy" rating on shares of Owlet in a research note 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $20.00.
View Our Latest Report on Owlet
Institutional Investors Weigh In On Owlet
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eclipse Operations LLC bought a new stake in Owlet during the fourth quarter worth $124,677,000. AWM Investment Company Inc. acquired a new stake in Owlet in the fourth quarter valued at about $28,304,000. Granahan Investment Management LLC grew its position in Owlet by 34.7% in the fourth quarter. Granahan Investment Management LLC now owns 686,749 shares of the company's stock valued at $11,118,000 after acquiring an additional 176,845 shares during the last quarter. Next Century Growth Investors LLC grew its position in Owlet by 18.4% in the fourth quarter. Next Century Growth Investors LLC now owns 484,908 shares of the company's stock valued at $7,851,000 after acquiring an additional 75,408 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Owlet by 86.3% in 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 last quarter. 72.60% of the stock is currently owned by institutional investors.
Owlet Company Profile
(
Get Free Report)
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.
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