Chun Kai Wang Buys 11,600 Shares of OBOOK (NASDAQ:OWLS) 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 shares were purchased at an average cost of $5.01 per share, with a total value of $58,116.00. Following the completion of the acquisition, the chief executive officer directly owned 3,124,808 shares in the company, valued at $15,655,288.08. The trade was a 0.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 1st, Chun Kai Wang acquired 758 shares of OBOOK stock. The stock was acquired 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 stock was acquired at an average cost of $5.72 per share, with a total value of $13,407.68.

OBOOK Trading Up 3.8%

Shares of OWLS stock opened at $5.48 on Friday. The firm’s 50 day moving average is $5.49 and its 200-day moving average is $5.73. OBOOK Holdings Inc. has a 1 year low of $4.76 and a 1 year high of $90.00.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OBOOK stock. Geode Capital Management LLC purchased a new position in OBOOK Holdings Inc. (NASDAQ:OWLS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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.