Insider Selling: Peloton Interactive (NASDAQ:PTON) CAO Sells 10,000 Shares of Company Stock

Key Points

• Peloton CAO Saqib Baig sold 10,000 shares at an average price of $5.45, worth $54,500, reducing his direct holdings by 3.74% to 257,729 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Baig had also sold 41,351 shares in August, while Peloton shares recently rose 4.2% to $5.46. The stock has traded between $3.65 and $7.97 over the past year.
• Analyst sentiment remains mixed, with Peloton holding an average “Hold” rating and a consensus price target of $7.72. The company recently exceeded quarterly EPS and revenue expectations, and institutional investors own 77.01% of its shares.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CAO Saqib Baig sold 10,000 shares of Peloton Interactive stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $5.45, for a total value of $54,500.00. Following the completion of the sale, the chief accounting officer directly owned 257,729 shares of the company's stock, valued at approximately $1,404,623.05. This trade represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Saqib Baig also recently made the following trade(s):

• On Wednesday, August 19th, Saqib Baig sold 4,912 shares of Peloton Interactive stock. The shares were sold at an average price of $5.45, for a total transaction of $26,770.40.
• On Monday, August 17th, Saqib Baig sold 36,439 shares of Peloton Interactive stock. The shares were sold at an average price of $5.36, for a total transaction of $195,313.04.

Peloton Interactive Stock Up 4.2%

PTON traded up $0.22 on Thursday, hitting $5.46. The company's stock had a trading volume of 8,259,252 shares, compared to its average volume of 11,688,751. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $7.97. The firm has a market cap of $2.40 billion, a P/E ratio of 45.50, a price-to-earnings-growth ratio of 0.43 and a beta of 2.54. The company's 50 day simple moving average is $5.15 and its 200-day simple moving average is $5.47.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The business had revenue of $607.70 million for the quarter, compared to analysts' expectations of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. Equities analysts predict that Peloton Interactive, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed a "market perform" rating on shares of Peloton Interactive in a report on Monday, August 3rd. UBS Group lowered their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday, September 8th. Morgan Stanley downgraded shares of Peloton Interactive from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $5.00 to $4.50 in a report on Tuesday, September 8th. Finally, Weiss Ratings upgraded shares of Peloton Interactive from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Peloton Interactive presently has an average rating of "Hold" and an average price target of $7.72.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of PTON. GAMMA Investing LLC lifted its holdings in shares of Peloton Interactive by 232.0% during the 2nd quarter. GAMMA Investing LLC now owns 4,399 shares of the company's stock worth $26,000 after acquiring an additional 3,074 shares during the last quarter. Cora Capital Advisors LLC bought a new position in shares of Peloton Interactive during the 1st quarter valued at about $43,000. SummitTX Capital L.P. purchased a new position in shares of Peloton Interactive during the 1st quarter valued at about $50,000. waypoint wealth counsel purchased a new position in shares of Peloton Interactive during the 1st quarter valued at about $53,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Peloton Interactive by 21.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,405 shares of the company's stock valued at $53,000 after buying an additional 2,223 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Peloton Interactive Company Profile

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company's equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.

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