Owlet, Inc. (NYSE:OWLT) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lessened its stake in shares of Owlet, Inc. (NYSE:OWLT) by 56.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,477 shares of the company’s stock after selling 20,000 shares during the quarter. Insigneo Advisory Services LLC owned 0.10% of Owlet worth $69,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of OWLT. Renaissance Technologies LLC boosted its holdings in Owlet by 52.7% in the 4th quarter. Renaissance Technologies LLC now owns 48,437 shares of the company’s stock worth $216,000 after acquiring an additional 16,718 shares during the period. Essex Investment Management Co. LLC acquired a new stake in Owlet during the 4th quarter valued at $113,000. Finally, Geode Capital Management LLC increased its stake in Owlet by 31.0% during the 3rd quarter. Geode Capital Management LLC now owns 58,684 shares of the company’s stock worth $264,000 after buying an additional 13,879 shares during the period. Hedge funds and other institutional investors own 72.60% of the company’s stock.

Analyst Ratings Changes

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

Owlet Trading Up 0.6 %

Owlet stock opened at $3.26 on Friday. Owlet, Inc. has a 52 week low of $2.75 and a 52 week high of $5.65. The stock has a market cap of $54.02 million, a P/E ratio of -1.36 and a beta of 1.52. The stock has a 50 day moving average of $4.16 and a 200-day moving average of $4.53.

Owlet Company 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.