Insider Selling: GoPro (NASDAQ:GPRO) SVP Sells $18,752.34 in Stock

GoPro, Inc. (NASDAQ:GPRO) SVP Jason Christopher Stephen sold 16,894 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1.11, for a total value of $18,752.34. Following the sale, the senior vice president directly owned 381,324 shares in the company, valued at $423,269.64. This represents a 4.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jason Christopher Stephen also recently made the following trade(s):

• On Wednesday, February 18th, Jason Christopher Stephen sold 5,393 shares of GoPro stock. The stock was sold at an average price of $0.80, for a total value of $4,314.40.

GoPro Stock Up 3.1%

GoPro stock opened at $0.99 on Friday. GoPro, Inc. has a twelve month low of $0.57 and a twelve month high of $3.05. The stock’s fifty day simple moving average is $1.00 and its 200-day simple moving average is $1.23. The company has a current ratio of 0.58, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $162.52 million, a P/E ratio of -1.25 and a beta of 2.46.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.32). GoPro had a negative return on equity of 161.44% and a negative net margin of 20.70%.The company had revenue of $99.07 million for the quarter, compared to analysts’ expectations of $137.54 million. As a group, equities analysts expect that GoPro, Inc. will post -0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings lowered GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 15th. Wall Street Zen lowered GoPro from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On GoPro

Several large investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. increased its holdings in GoPro by 88.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 23,794 shares of the company’s stock valued at $34,000 after buying an additional 11,194 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in GoPro by 1,295,800.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock valued at $27,000 after buying an additional 12,958 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in GoPro in the third quarter valued at $28,000. Public Employees Retirement System of Ohio increased its holdings in GoPro by 10.6% in the first quarter. Public Employees Retirement System of Ohio now owns 149,341 shares of the company’s stock valued at $115,000 after buying an additional 14,324 shares during the last quarter. Finally, R Squared Ltd increased its holdings in GoPro by 29.7% in the fourth quarter. R Squared Ltd now owns 64,954 shares of the company’s stock valued at $92,000 after buying an additional 14,859 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

GoPro Company Profile

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.