Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells 68,727 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick V. Caldwell sold 68,727 shares of Peloton Interactive stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the completion of the sale, the insider now directly owns 474,234 shares of the company’s stock, valued at $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $6.46 on Wednesday. The company has a market cap of $2.52 billion, a P/E ratio of -8.39 and a beta of 1.95. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The business’s 50-day simple moving average is $8.02 and its 200 day simple moving average is $7.47.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of Peloton Interactive during the fourth quarter worth approximately $28,000. Russell Investments Group Ltd. raised its position in shares of Peloton Interactive by 969.6% during the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock valued at $35,000 after acquiring an additional 3,636 shares in the last quarter. Comerica Bank boosted its holdings in Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after purchasing an additional 1,389 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Peloton Interactive during the fourth quarter worth $69,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PTON has been the subject of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Friday, February 7th. Citigroup dropped their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Finally, Macquarie reiterated a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and a consensus target price of $8.69.

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.