Insider Buying: OBOOK (NASDAQ:OWLS) CEO Buys 6,171 Shares of Company Stock

Key Points

• OBOOK CEO Chun Kai Wang bought 6,171 shares at an average $2.17, spending about $13,391; the purchase increased his direct stake by 0.20% to 3,157,147 shares.
• Wang has made several additional purchases in recent months, including 2,058 shares on November 10 and 11,105 shares on October 26.
• OBOOK shares opened at $2.26, well below their 50-day and 200-day moving averages of $4.34 and $5.39. Analysts’ average rating is Hold, with a consensus price target of $11.

OBOOK Holdings Inc. (NASDAQ:OWLS - Get Free Report) CEO Chun Kai Wang bought 6,171 shares of the business's stock in a transaction dated Thursday, November 12th. The stock was purchased at an average price of $2.17 per share, for a total transaction of $13,391.07. Following the acquisition, the chief executive officer directly owned 3,157,147 shares of the company's stock, valued at approximately $6,851,008.99. The trade was a 0.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, November 10th, Chun Kai Wang bought 2,058 shares of OBOOK stock. The stock was purchased at an average cost of $2.31 per share, for a total transaction of $4,753.98.
• On Monday, November 9th, Chun Kai Wang purchased 413 shares of OBOOK stock. The shares were purchased at an average price of $2.26 per share, with a total value of $933.38.
• On Thursday, November 5th, Chun Kai Wang purchased 400 shares of OBOOK stock. The shares were purchased at an average cost of $2.35 per share, with a total value of $940.00.
• On Monday, October 26th, Chun Kai Wang purchased 11,105 shares of OBOOK stock. The shares were purchased at an average cost of $2.01 per share, with a total value of $22,321.05.
• On Monday, October 19th, Chun Kai Wang purchased 12,192 shares of OBOOK stock. The stock was purchased at an average cost of $4.27 per share, for a total transaction of $52,059.84.
• On Wednesday, September 2nd, Chun Kai Wang acquired 11,600 shares of OBOOK stock. The stock was purchased at an average price of $5.01 per share, for a total transaction of $58,116.00.
• On Tuesday, September 1st, Chun Kai Wang acquired 758 shares of OBOOK stock. The shares were purchased at an average cost of $5.18 per share, with a total value of $3,926.44.

OBOOK Stock Up 2.7%

Shares of NASDAQ:OWLS opened at $2.26 on Friday. The company has a 50-day moving average price of $4.34 and a 200-day moving average price of $5.39. OBOOK Holdings Inc. has a 12 month low of $1.36 and a 12 month high of $8.99.

OBOOK (NASDAQ:OWLS - Get Free Report) last posted its earnings results on Saturday, August 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised OBOOK from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, OBOOK currently has an average rating of "Hold" and a consensus price target of $11.00.

About OBOOK

OBOOK Holdings Inc. is a digital content company focused on online literature and reading services. Through its OBOOK platform, the company provides readers with access to digital literary content and supports the distribution of works by authors and other content providers. The company's business centers on bringing literary content to readers through digital channels. OBOOK operates in the Chinese online literature market; detailed information about its geographic reach and leadership is not included here.

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