Charles Peter Kirol Sells 8,989 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Key Points

• Charles Peter Kirol, COO of Peloton Interactive, sold a total of 8,989 shares on October 22nd for about $71,912, reducing his ownership by 19.24%.
• Peloton's stock price recently dipped 1.0%, trading at $7.78, with a market cap of $3.17 billion and a 52-week range of $4.63 to $10.90.
• Institutional investors own 77.01% of Peloton's shares, with significant recent increases in holdings from firms like Bessemer Group and MAI Capital Management.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Peter Kirol sold 8,989 shares of the company's stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $8.00, for a total value of $71,912.00. Following the completion of the transaction, the chief operating officer directly owned 37,723 shares in the company, valued at approximately $301,784. The trade was a 19.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, October 20th, Charles Peter Kirol sold 3,596 shares of Peloton Interactive stock. The stock was sold at an average price of $7.56, for a total transaction of $27,185.76.
• On Thursday, October 16th, Charles Peter Kirol sold 20,554 shares of Peloton Interactive stock. The shares were sold at an average price of $7.57, for a total transaction of $155,593.78.
• On Tuesday, September 30th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The shares were sold at an average price of $9.00, for a total transaction of $80,721.00.
• On Thursday, September 4th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The shares were sold at an average price of $8.00, for a total transaction of $71,752.00.
• On Thursday, August 28th, Charles Peter Kirol sold 3,587 shares of Peloton Interactive stock. The stock was sold at an average price of $7.60, for a total transaction of $27,261.20.

Peloton Interactive Stock Down 1.0%

PTON stock traded down $0.08 during midday trading on Wednesday, hitting $7.78. The company's stock had a trading volume of 13,755,607 shares, compared to its average volume of 15,418,334. Peloton Interactive, Inc. has a 52-week low of $4.63 and a 52-week high of $10.90. The firm has a market capitalization of $3.17 billion, a P/E ratio of -25.10, a PEG ratio of 2.69 and a beta of 2.27. The firm has a 50-day simple moving average of $7.92 and a 200-day simple moving average of $7.06.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. The firm had revenue of $606.90 million for the quarter, compared to analysts' expectations of $580.29 million. During the same period last year, the firm posted ($0.08) earnings per share. Peloton Interactive's revenue for the quarter was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Zacks Research upgraded shares of Peloton Interactive from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Wall Street Zen raised shares of Peloton Interactive from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Telsey Advisory Group boosted their price objective on shares of Peloton Interactive from $8.00 to $9.00 and gave the stock a "market perform" rating in a research note on Thursday, October 2nd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $9.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. increased its stake in shares of Peloton Interactive by 1,602.6% in the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company's stock valued at $37,000 after buying an additional 5,000 shares during the period. MAI Capital Management raised its position in Peloton Interactive by 64.6% in the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company's stock valued at $38,000 after buying an additional 2,158 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Peloton Interactive by 40.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after buying an additional 1,864 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Peloton Interactive by 158.3% during the 3rd 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. Finally, GAMMA Investing LLC grew its stake in shares of Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after acquiring an additional 7,469 shares during the period. Institutional investors and hedge funds own 77.01% of the company's stock.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.

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