Insider Selling: Peloton Interactive (NASDAQ:PTON) CAO Sells $26,770.40 in Stock

Key Points

• Peloton CAO Saqib Baig sold 4,912 shares for approximately $26,770 under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by 1.8% to 267,729 shares.
• Peloton shares fell 3.0% to $5.41, with the stock trading between a 52-week low of $3.65 and high of $9.20. The company recently reported quarterly EPS of $0.13 and revenue of $607.7 million, both above analyst expectations.
• Analyst sentiment remains mixed, with five Buy, seven Hold and one Sell rating, producing a consensus Hold rating and an average price target of $7.94.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CAO Saqib Baig sold 4,912 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total transaction of $26,770.40. Following the completion of the transaction, the chief accounting officer directly owned 267,729 shares of the company's stock, valued at $1,459,123.05. This trade represents a 1.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 value of $195,313.04.
• On Tuesday, June 9th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.66, for a total value of $28,300.00.

Peloton Interactive Stock Down 3.0%

Shares of NASDAQ PTON traded down $0.17 during mid-day trading on Friday, reaching $5.41. 4,208,730 shares of the company were exchanged, compared to its average volume of 12,526,420. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20. The firm has a 50-day moving average of $5.90 and a 200 day moving average of $5.20. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 45.09, a P/E/G ratio of 0.48 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The business had revenue of $607.70 million during the quarter, compared to the consensus estimate of $596.60 million. During the same period in the previous year, the company posted $0.05 earnings per share. The firm's revenue was up .1% on a year-over-year basis. On average, equities analysts forecast that Peloton Interactive, Inc. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on PTON. Telsey Advisory Group reissued a "market perform" rating on shares of Peloton Interactive in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Peloton Interactive from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, May 26th. Wall Street Zen raised shares of Peloton Interactive from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. The Goldman Sachs Group upped their price target on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Friday, May 8th. Finally, UBS Group reaffirmed a "buy" rating on shares of Peloton Interactive in a report on Monday, June 15th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $7.94.

Institutional Trading of Peloton Interactive

Several institutional investors and hedge funds have recently bought and sold shares of PTON. Nykredit A S purchased a new stake in shares of Peloton Interactive in the 2nd quarter valued at $70,000. Proficio Capital Partners LLC acquired a new position in Peloton Interactive during the second quarter valued at $60,000. Headlands Technologies LLC boosted its holdings in Peloton Interactive by 382.4% in the second quarter. Headlands Technologies LLC now owns 367,577 shares of the company's stock valued at $2,172,000 after purchasing an additional 291,381 shares during the last quarter. Lotus Technology Management LP acquired a new stake in Peloton Interactive during the 2nd quarter worth about $60,000. Finally, Technology Crossover Management IX Ltd. acquired a new stake in Peloton Interactive during the 2nd quarter worth about $21,727,601,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source