GoPro, Inc. (NASDAQ:GPRO - Get Free Report) was the target of some unusual options trading on Wednesday. Investors bought 39,356 call options on the stock. This is an increase of approximately 154% compared to the average volume of 15,469 call options.
Insider Buying and Selling at GoPro
In related news, EVP Brian Mcgee sold 150,043 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $1.24, for a total value of $186,053.32. Following the sale, the executive vice president owned 779,974 shares of the company's stock, valued at $967,167.76. The trade was a 16.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William George Brumder sold 12,000 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $2.49, for a total value of $29,880.00. Following the completion of the sale, the insider directly owned 10,838,000 shares in the company, valued at approximately $26,986,620. This represents a 0.11% decrease in their position. The disclosure for this sale can be found here. 18.38% of the stock is owned by insiders.
Institutional Investors Weigh In On GoPro
Institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors raised its position in shares of GoPro by 89.6% during the second quarter. Captrust Financial Advisors now owns 33,041 shares of the company's stock worth $25,000 after acquiring an additional 15,618 shares during the last quarter. Jump Financial LLC bought a new stake in shares of GoPro during the second quarter worth $25,000. Banco BTG Pactual S.A. bought a new stake in shares of GoPro during the second quarter worth $27,000. BNP Paribas Financial Markets raised its position in shares of GoPro by 323.9% during the second quarter. BNP Paribas Financial Markets now owns 36,497 shares of the company's stock worth $28,000 after acquiring an additional 27,887 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new stake in shares of GoPro during the second quarter worth $45,000. Institutional investors own 70.09% of the company's stock.
GoPro Price Performance
Shares of GPRO stock traded up $0.37 on Wednesday, reaching $2.57. 16,340,470 shares of the stock were exchanged, compared to its average volume of 7,265,730. The stock has a market cap of $405.73 million, a PE ratio of -3.72 and a beta of 1.60. GoPro has a one year low of $0.40 and a one year high of $3.05. The stock has a 50 day moving average price of $1.93 and a 200 day moving average price of $1.19.
Analyst Ratings Changes
GPRO has been the topic of a number of recent analyst reports. Wall Street Zen raised GoPro from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Morgan Stanley reissued an "underweight" rating on shares of GoPro in a research note on Tuesday, August 12th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of GoPro in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, GoPro has a consensus rating of "Sell" and a consensus target price of $0.75.
View Our Latest Report on GPRO
About GoPro
(
Get Free Report)
GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.
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