GoPro (NASDAQ:GPRO) COO Brian Mcgee Sells 130,631 Shares

GoPro, Inc. (NASDAQ:GPRO) COO Brian Mcgee sold 130,631 shares of GoPro stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $0.97, for a total value of $126,712.07. Following the completion of the transaction, the chief operating officer owned 947,123 shares of the company’s stock, valued at approximately $918,709.31. The trade was a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GoPro Stock Performance

GPRO stock traded up $0.01 during midday trading on Friday, reaching $1.00. The company had a trading volume of 4,717,809 shares, compared to its average volume of 5,972,778. The company has a quick ratio of 0.38, a current ratio of 0.58 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $1.00 and a 200 day moving average price of $1.23. GoPro, Inc. has a fifty-two week low of $0.57 and a fifty-two week high of $3.05. The firm has a market capitalization of $164.16 million, a PE ratio of -1.27 and a beta of 2.46.

GoPro (NASDAQ:GPRO) last issued its earnings results on Monday, May 11th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.32). GoPro had a negative net margin of 20.70% and a negative return on equity of 161.44%. The company had revenue of $99.07 million during the quarter, compared to analyst estimates of $137.54 million. Analysts anticipate that GoPro, Inc. will post -0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen downgraded GoPro from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On GoPro

Several hedge funds and other institutional investors have recently made changes to their positions in GPRO. AQR Capital Management LLC boosted its position in shares of GoPro by 957.3% during the first quarter. AQR Capital Management LLC now owns 3,687,711 shares of the company’s stock worth $2,445,000 after buying an additional 3,338,941 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of GoPro by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,578,385 shares of the company’s stock worth $1,046,000 after buying an additional 91,283 shares during the period. Jump Financial LLC acquired a new position in shares of GoPro during the second quarter worth approximately $25,000. Banco BTG Pactual S.A. acquired a new position in shares of GoPro during the second quarter worth approximately $27,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of GoPro during the second quarter worth approximately $187,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

About GoPro

GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro’s product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.