Insider Buying: OBOOK (NASDAQ:OWLS) CEO Buys $58,116.00 in Stock

OBOOK Holdings Inc. (NASDAQ:OWLS) CEO Chun Kai Wang purchased 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average cost of $5.01 per share, for a total transaction of $58,116.00. Following the completion of the acquisition, the chief executive officer directly owned 3,124,808 shares of the company’s stock, valued at $15,655,288.08. This represents a 0.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Chun Kai Wang also recently made the following trade(s):

• On Tuesday, September 1st, Chun Kai Wang bought 758 shares of OBOOK stock. The stock was purchased at an average price of $5.18 per share, with a total value of $3,926.44.
• On Wednesday, June 10th, Chun Kai Wang purchased 2,344 shares of OBOOK stock. The shares were purchased at an average cost of $5.72 per share, for a total transaction of $13,407.68.

OBOOK Stock Performance

Shares of OWLS opened at $5.48 on Friday. The business’s fifty day moving average price is $5.49 and its 200 day moving average price is $5.73. OBOOK Holdings Inc. has a 12-month low of $4.76 and a 12-month high of $90.00.

OBOOK (NASDAQ:OWLS) last released its quarterly earnings data on Saturday, August 22nd. The company reported ($0.12) EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of OBOOK from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OBOOK stock. Geode Capital Management LLC bought a new position in OBOOK Holdings Inc. (NASDAQ:OWLS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,325 shares of the company’s stock, valued at approximately $243,000.

About OBOOK

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.