403,080 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Acquired by Castleark Management LLC

Castleark Management LLC purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 403,080 shares of the company's stock, valued at approximately $3,507,000. Castleark Management LLC owned about 0.11% of Peloton Interactive at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PTON. Y Intercept Hong Kong Ltd purchased a new stake in Peloton Interactive during the 4th quarter worth approximately $360,000. Rhumbline Advisers boosted its position in Peloton Interactive by 7.8% during the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company's stock valued at $4,168,000 after purchasing an additional 34,514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Peloton Interactive by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company's stock worth $2,471,000 after acquiring an additional 11,008 shares during the period. Charles Schwab Investment Management Inc. increased its position in Peloton Interactive by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company's stock valued at $35,985,000 after acquiring an additional 139,826 shares during the period. Finally, Franklin Resources Inc. bought a new stake in shares of Peloton Interactive during the 3rd quarter worth about $505,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Peloton Interactive

In related news, insider Jennifer Cunningham Cotter sold 187,238 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now directly owns 100,269 shares in the company, valued at $646,735.05. The trade was a 65.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andrew S. Rendich sold 17,401 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $8.18, for a total transaction of $142,340.18. Following the completion of the transaction, the insider now owns 362,573 shares in the company, valued at $2,965,847.14. This trade represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 764,836 shares of company stock valued at $4,904,178. Corporate insiders own 1.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PTON shares. Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price for the company in a research note on Monday, April 14th. Macquarie upgraded Peloton Interactive from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $9.00 to $10.00 in a report on Tuesday, May 13th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Bank of America decreased their target price on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Morgan Stanley dropped their target price on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $8.30.

Peloton Interactive Price Performance

PTON traded up $0.17 during trading on Tuesday, reaching $7.74. The company had a trading volume of 5,852,066 shares, compared to its average volume of 15,281,582. The company has a market cap of $3.02 billion, a P/E ratio of -10.02 and a beta of 2.25. Peloton Interactive, Inc. has a 12 month low of $2.83 and a 12 month high of $10.90. The business's fifty day moving average price is $6.30 and its 200 day moving average price is $7.77.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million during the quarter, compared to analysts' expectations of $620.39 million. The company's quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.45) EPS. As a group, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

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.