Insider Buying: OBOOK (NASDAQ:OWLS) CEO Purchases $13,407.68 in Stock

OBOOK Holdings Inc. (NASDAQ:OWLS) CEO Chun Kai Wang purchased 2,344 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average cost of $5.72 per share, with a total value of $13,407.68. Following the completion of the transaction, the chief executive officer owned 3,109,239 shares in the company, valued at $17,784,847.08. This trade represents a 0.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, May 22nd, Chun Kai Wang acquired 100 shares of OBOOK stock. The stock was acquired at an average price of $5.64 per share, for a total transaction of $564.00.

OBOOK Stock Up 3.0%

Shares of NASDAQ OWLS opened at $5.80 on Friday. The company has a 50 day simple moving average of $5.84 and a two-hundred day simple moving average of $6.18. OBOOK Holdings Inc. has a fifty-two week low of $5.15 and a fifty-two week high of $90.00.

OBOOK (NASDAQ:OWLS) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.17) earnings per share for the quarter.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OWLS. Benchmark initiated coverage on OBOOK in a report on Wednesday, April 15th. They set a “buy” rating and a $11.00 price target for the company. Weiss Ratings began coverage on shares of OBOOK in a research report on Wednesday, May 6th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.00.

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.