Insider Selling: Peloton Interactive (NASDAQ:PTON) COO Sells 22,520 Shares of Stock

by · The Markets Daily

Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) COO Charles Peter Kirol sold 22,520 shares of Peloton Interactive stock in a transaction on Friday, January 16th. The shares were sold at an average price of $6.47, for a total transaction of $145,704.40. Following the completion of the sale, the chief operating officer owned 81,001 shares in the company, valued at approximately $524,076.47. This trade represents a 21.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Charles Peter Kirol also recently made the following trade(s):

  • On Monday, November 17th, Charles Peter Kirol sold 7,936 shares of Peloton Interactive stock. The stock was sold at an average price of $7.29, for a total transaction of $57,853.44.
  • On Wednesday, October 22nd, Charles Peter Kirol sold 8,989 shares of Peloton Interactive stock. The stock was sold at an average price of $8.00, for a total transaction of $71,912.00.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON traded down $0.47 during midday trading on Tuesday, hitting $5.86. 13,768,915 shares of the company traded hands, compared to its average volume of 11,160,859. Peloton Interactive, Inc. has a 12-month low of $4.63 and a 12-month high of $10.25. The firm has a market cap of $2.45 billion, a P/E ratio of -20.93, a P/E/G ratio of 1.91 and a beta of 2.40. The stock has a 50-day moving average price of $6.56 and a 200 day moving average price of $7.17.

Peloton Interactive (NASDAQ:PTON – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $540.61 million. The business’s revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bessemer Group Inc. increased its holdings in Peloton Interactive by 1,602.6% in the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after buying an additional 5,000 shares in the last quarter. Advisory Services Network LLC bought a new position in Peloton Interactive during the 3rd quarter valued at about $48,000. MAI Capital Management boosted its holdings in shares of Peloton Interactive by 64.6% during the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after acquiring an additional 2,158 shares during the last quarter. Quarry LP bought a new stake in shares of Peloton Interactive in the third quarter worth approximately $71,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Peloton Interactive by 158.3% during the third quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after purchasing an additional 4,894 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on PTON shares. Morgan Stanley raised their price objective on Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research report on Wednesday, November 19th. Wall Street Zen cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Telsey Advisory Group restated a “market perform” rating and issued a $9.00 price objective on shares of Peloton Interactive in a report on Monday, November 3rd. Finally, Macquarie lifted their target price on shares of Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.86.

Get Our Latest Stock Analysis on PTON

Peloton Interactive Company Profile

(Get Free Report)

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.

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