Owlet (NYSE:OWLT) CEO Jonathan Harris Sells 1,945 Shares

Owlet, Inc. (NYSE:OWLT) CEO Jonathan Harris sold 1,945 shares of Owlet stock in a transaction dated 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 sale, the chief executive officer directly owned 262,451 shares in the company, valued at approximately $2,107,481.53. This represents a 0.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 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

NYSE:OWLT opened at $4.94 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.51 and a current ratio of 1.85. The stock’s 50-day simple moving average is $6.63 and its 200 day simple moving average is $10.32. The company has a market cap of $139.19 million, a P/E ratio of -1.82 and a beta of 2.00. Owlet, Inc. has a 52-week low of $3.78 and a 52-week high of $16.94.

Owlet (NYSE:OWLT) last released its earnings results on Thursday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. The company had revenue of $26.55 million during the quarter, compared to analyst estimates of $26.01 million. As a group, sell-side analysts forecast that Owlet, Inc. will post -0.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Owlet

A number of institutional investors have recently bought and sold shares of the business. Informed Momentum Co LLC increased its position in Owlet by 1.6% during the fourth quarter. Informed Momentum Co LLC now owns 112,893 shares of the company’s stock worth $1,828,000 after buying an additional 1,737 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Owlet during the fourth quarter worth approximately $60,000. Perkins Capital Management Inc. increased its position in Owlet by 3.9% during the first quarter. Perkins Capital Management Inc. now owns 106,095 shares of the company’s stock worth $545,000 after buying an additional 3,990 shares during the last quarter. Harbor Capital Advisors Inc. grew its position 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 purchasing an additional 4,160 shares during the last quarter. Finally, Bank of America Corp DE grew its position 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 purchasing an additional 5,149 shares during the last quarter. Institutional investors and hedge funds own 72.60% of the company’s stock.

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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OWLT shares. Wall Street Zen downgraded Owlet from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Owlet in a research report on Tuesday, April 21st. Zacks Research downgraded Owlet from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, TD Cowen reissued a “buy” rating on shares of Owlet in a research report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Owlet currently has a consensus rating of “Hold” and a consensus target price of $20.00.

Owlet Company Profile

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.