Insider Selling: Peloton Interactive (NASDAQ:PTON) COO Sells 3,596 Shares of Stock

Key Points

• Peloton Interactive COO Charles Peter Kirol sold a total of 3,596 shares on October 20th for about $27,185, reducing his ownership by 7.15%.
• The company's stock price has fluctuated between a 52-week low of $4.63 and a high of $10.90, currently trading around $7.78.
• Analysts have mixed ratings on Peloton, with a consensus rating of "Hold" and an average price target of $9.36.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Peter Kirol sold 3,596 shares of Peloton Interactive stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $7.56, for a total value of $27,185.76. Following the completion of the sale, the chief operating officer owned 46,712 shares in the company, valued at approximately $353,142.72. This represents a 7.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, October 22nd, Charles Peter Kirol sold 8,989 shares of Peloton Interactive stock. The stock was sold at an average price of $8.00, for a total value of $71,912.00.
• On Thursday, October 16th, Charles Peter Kirol sold 20,554 shares of Peloton Interactive stock. The stock was sold at an average price of $7.57, for a total value of $155,593.78.
• On Tuesday, September 30th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The stock was sold at an average price of $9.00, for a total value of $80,721.00.
• On Thursday, September 4th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The stock was sold at an average price of $8.00, for a total value of $71,752.00.
• On Thursday, August 28th, Charles Peter Kirol sold 3,587 shares of Peloton Interactive stock. The shares were sold at an average price of $7.60, for a total value of $27,261.20.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON traded down $0.08 during mid-day trading on Wednesday, hitting $7.78. 13,755,607 shares of the stock traded hands, 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 company has a market cap of $3.17 billion, a price-to-earnings ratio of -25.10, a PEG ratio of 2.69 and a beta of 2.27. The stock has a fifty day moving average price of $7.92 and a 200-day moving average price of $7.06.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. raised 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 worth $37,000 after purchasing an additional 5,000 shares during the last quarter. MAI Capital Management raised its stake in shares of Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company's stock worth $38,000 after purchasing an additional 2,158 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock worth $41,000 after purchasing an additional 1,864 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Peloton Interactive by 158.3% in the third quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company's stock worth $72,000 after purchasing an additional 4,894 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after purchasing an additional 7,469 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PTON shares. Truist Financial set a $11.00 price target on Peloton Interactive in a research report on Thursday, August 7th. Zacks Research upgraded Peloton Interactive from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Morgan Stanley lifted their price target on Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of Peloton Interactive in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $11.50 target price on shares of Peloton Interactive in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $9.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.