Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC lessened its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 84.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,629 shares of the company's stock after selling 129,937 shares during the quarter. Two Sigma Securities LLC's holdings in Peloton Interactive were worth $206,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its holdings in Peloton Interactive by 6.5% during the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock worth $168,000 after buying an additional 1,172 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Peloton Interactive by 3.8% during the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock worth $366,000 after purchasing an additional 1,534 shares during the last quarter. Choreo LLC lifted its stake in Peloton Interactive by 12.3% during the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after purchasing an additional 1,838 shares during the last quarter. Counterpoint Mutual Funds LLC increased its stake in Peloton Interactive by 2.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company's stock valued at $691,000 after purchasing an additional 1,951 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Peloton Interactive by 33.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock worth $83,000 after purchasing an additional 2,403 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the sale, the chief accounting officer now directly owns 130,031 shares in the company, valued at $1,267,802.25. The trade was a 14.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nick V. Caldwell sold 68,727 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the transaction, the insider now directly owns 474,234 shares in the company, valued at $3,125,202.06. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 674,338 shares of company stock valued at $5,522,838. Corporate insiders own 1.34% of the company's stock.

Peloton Interactive Trading Down 0.4 %

Shares of PTON traded down $0.03 during mid-day trading on Friday, hitting $6.82. The company's stock had a trading volume of 9,224,198 shares, compared to its average volume of 15,764,808. The firm has a 50-day simple moving average of $6.27 and a 200 day simple moving average of $7.77. The firm has a market capitalization of $2.66 billion, a P/E ratio of -8.86 and a beta of 2.25. Peloton Interactive, Inc. has a 1-year low of $2.83 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). As a group, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Bank of America dropped their target price on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. The Goldman Sachs Group lifted their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Argus raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target on the stock in a research report on Monday, April 14th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Peloton Interactive currently has a consensus rating of "Hold" and a consensus price target of $8.59.

About Peloton Interactive

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.