OBOOK (NASDAQ:OWLS) CEO Chun Kai Wang Acquires 12,192 Shares of Stock

Key Points

• CEO Chun Kai Wang bought 12,192 OBOOK shares at an average price of $4.27, investing approximately $52,060. Following the purchase, he directly owned 3.137 million shares, a 0.39% increase.
• OBOOK shares opened at $4.29 and remain near their 52-week low of $4.13, well below the 52-week high of $29.00. The company most recently reported a quarterly loss of $0.12 per share.
• Analyst sentiment is mixed: one analyst rates the stock Buy and another rates it Sell, resulting in a consensus Hold rating and an $11.00 price target. Weiss Ratings separately downgraded the stock from “sell (d-)” to “sell (e+).”

OBOOK Holdings Inc. (NASDAQ:OWLS - Get Free Report) CEO Chun Kai Wang acquired 12,192 shares of the firm's stock in a transaction dated Monday, October 19th. The stock was bought at an average price of $4.27 per share, with a total value of $52,059.84. Following the acquisition, the chief executive officer directly owned 3,137,000 shares in the company, valued at $13,394,990. This represents a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, September 2nd, Chun Kai Wang bought 11,600 shares of OBOOK stock. The stock was bought at an average cost of $5.01 per share, for a total transaction of $58,116.00.
• On Tuesday, September 1st, Chun Kai Wang bought 758 shares of OBOOK stock. The shares were bought at an average price of $5.18 per share, for a total transaction of $3,926.44.

OBOOK Price Performance

Shares of NASDAQ OWLS opened at $4.29 on Wednesday. The stock has a 50 day moving average price of $5.35 and a 200 day moving average price of $5.58. OBOOK Holdings Inc. has a 52 week low of $4.13 and a 52 week high of $29.00.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of OBOOK from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.

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