Insider Selling: Peloton Interactive (NASDAQ:PTON) COO Sells 8,969 Shares of Stock

Key Points

• Peloton Interactive COO Charles Peter Kirol sold 8,969 shares at an average price of $8.00, reducing his ownership by 27.78% to 23,321 shares.
• The company's stock recently traded at $8.10 with a market cap of $3.30 billion, and a 52-week range of $4.19 to $10.90.
• Peloton reported earnings per share (EPS) of $0.05 for the last quarter, surpassing expectations, but experienced a 5.8% decline in year-over-year revenue.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $8.00, for a total transaction of $71,752.00. Following the sale, the chief operating officer owned 23,321 shares of the company's stock, valued at approximately $186,568. This trade represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, August 28th, Charles Peter Kirol sold 3,587 shares of Peloton Interactive stock. The stock was sold at an average price of $7.60, for a total transaction of $27,261.20.
• On Wednesday, July 16th, Charles Peter Kirol sold 20,633 shares of Peloton Interactive stock. The stock was sold at an average price of $6.39, for a total transaction of $131,844.87.

Peloton Interactive Trading Up 1.0%

Shares of NASDAQ PTON traded up $0.08 during midday trading on Monday, reaching $8.10. 9,809,720 shares of the stock were exchanged, compared to its average volume of 14,063,320. The company has a market capitalization of $3.30 billion, a P/E ratio of -26.13 and a beta of 2.07. Peloton Interactive, Inc. has a 52-week low of $4.19 and a 52-week high of $10.90. The stock has a 50 day moving average price of $7.17 and a 200-day moving average price of $6.79.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analysts' expectations of $580.29 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Peloton Interactive'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. On average, analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analysts Set New Price Targets

PTON has been the subject of a number of recent analyst reports. Truist Financial set a $11.00 target price on shares of Peloton Interactive in a report on Thursday, August 7th. UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their target price for the company from $7.50 to $11.00 in a report on Wednesday, July 30th. Telsey Advisory Group restated a "market perform" rating and issued a $8.00 target price on shares of Peloton Interactive in a report on Thursday, August 7th. Macquarie boosted their target price on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $9.29.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PTON. Stifel Financial Corp lifted its position in shares of Peloton Interactive by 72.7% during the fourth quarter. Stifel Financial Corp now owns 66,930 shares of the company's stock worth $582,000 after purchasing an additional 28,181 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Peloton Interactive by 10.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 192,902 shares of the company's stock valued at $1,678,000 after acquiring an additional 18,519 shares in the last quarter. Northern Trust Corp raised its holdings in Peloton Interactive by 12.4% in the fourth quarter. Northern Trust Corp now owns 3,413,295 shares of the company's stock valued at $29,696,000 after acquiring an additional 376,278 shares in the last quarter. Comerica Bank raised its holdings in Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after acquiring an additional 1,389 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Peloton Interactive in the fourth quarter valued at $10,131,000. 77.01% of the stock is owned by institutional investors and hedge funds.

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.

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