Rosalind Advisors Inc. Reduces Stock Position in Owlet, Inc. (NYSE:OWLT)

Rosalind Advisors Inc. lowered its holdings in shares of Owlet, Inc. (NYSE:OWLT) by 81.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,441 shares of the company’s stock after selling 220,559 shares during the quarter. Owlet accounts for 0.1% of Rosalind Advisors Inc.’s portfolio, making the stock its 28th biggest holding. Rosalind Advisors Inc. owned about 0.31% of Owlet worth $220,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of OWLT. Corsair Capital Management L.P. purchased a new position in Owlet during the 3rd quarter valued at $2,598,000. Geode Capital Management LLC boosted its holdings in Owlet by 31.0% during the 3rd quarter. Geode Capital Management LLC now owns 58,684 shares of the company’s stock valued at $264,000 after acquiring an additional 13,879 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Owlet in the 4th quarter worth $113,000. Hedge funds and other institutional investors own 72.60% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital began coverage on Owlet in a report on Friday, February 21st. They issued a “buy” rating and a $8.50 target price for the company.

Owlet Trading Up 1.6 %

Shares of OWLT stock opened at $4.22 on Friday. Owlet, Inc. has a twelve month low of $3.20 and a twelve month high of $5.65. The stock has a market capitalization of $69.84 million, a price-to-earnings ratio of -1.76 and a beta of 1.49. The stock has a fifty day simple moving average of $4.62 and a two-hundred day simple moving average of $4.66.

Insiders Place Their Bets

In other news, insider Jonathan Harris sold 16,439 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 288,617 shares of the company’s stock, valued at approximately $1,284,345.65. The trade was a 5.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 24,361 shares of company stock worth $107,218. 67.07% of the stock is currently owned by company insiders.

Owlet Profile

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.