Owlet, Inc. (NYSE:OWLT) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Owlet, Inc. (NYSE:OWLT) by 31.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 58,684 shares of the company’s stock after purchasing an additional 13,879 shares during the period. Geode Capital Management LLC’s holdings in Owlet were worth $264,000 as of its most recent SEC filing.

Separately, Corsair Capital Management L.P. purchased a new position in Owlet during the 3rd quarter valued at about $2,598,000. Institutional investors own 72.60% of the company’s stock.

Owlet Price Performance

NYSE:OWLT opened at $4.50 on Tuesday. Owlet, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $7.50. The stock’s 50-day moving average is $4.74 and its two-hundred day moving average is $4.56. The stock has a market cap of $72.16 million, a PE ratio of -1.88 and a beta of 1.50.

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.