Insider Selling: Peloton Interactive (NASDAQ:PTON) COO Sells 6,419 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 6,419 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total transaction of $26,574.66. Following the completion of the transaction, the chief operating officer directly owned 88,408 shares in the company, valued at approximately $366,009.12. This represents a 6.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, January 21st, Charles Peter Kirol sold 3,399 shares of Peloton Interactive stock. The stock was sold at an average price of $5.85, for a total transaction of $19,884.15.
• On Friday, January 16th, Charles Peter Kirol sold 22,520 shares of Peloton Interactive stock. The stock was sold at an average price of $6.47, for a total transaction of $145,704.40.

Peloton Interactive Price Performance

NASDAQ:PTON traded up $0.13 during mid-day trading on Wednesday, reaching $4.32. The stock had a trading volume of 11,117,151 shares, compared to its average volume of 14,892,185. Peloton Interactive, Inc. has a 12 month low of $4.08 and a 12 month high of $10.02. The stock has a market capitalization of $1.84 billion, a PE ratio of -33.23, a P/E/G ratio of 0.87 and a beta of 2.41. The stock has a 50-day simple moving average of $5.88 and a two-hundred day simple moving average of $6.97.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $675.04 million. During the same period in the previous year, the firm earned ($0.24) EPS. Peloton Interactive’s revenue was down 2.5% on a year-over-year basis. Equities analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Peloton Interactive News Roundup

Here are the key news stories impacting Peloton Interactive this week:

• Neutral Sentiment: Brokerage consensus remains tepid: analysts give PTON an average recommendation of “Hold,” signaling no clear upgrade or downgrade catalyst from the sell-side. Article Title
• Negative Sentiment: Significant insider selling across Peloton’s senior team — largest disclosed sales include CFO Elizabeth F. Coddington (238,013 shares, ~40.7% reduction), Jennifer Cunningham Cotter (125,432 shares, ~33% reduction), Dion C. Sanders (88,242 shares, ~37.5% reduction), Nick V. Caldwell (50,570 shares, ~5.9% reduction), COO Charles P. Kirol (6,419 shares, ~6.8% reduction), and CAO Saqib Baig (30,918 and 5,722 shares). Large, concentrated sales by officers can weigh on investor confidence and are typically viewed as negative signals unless explained as pre-planned liquidity needs. SEC filings: Coddington Coddington Form 4, Cotter Cotter Form 4, Sanders Sanders Form 4, Caldwell Caldwell Form 4, Kirol Kirol Form 4, Baig Baig Form 4.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors have recently made changes to their positions in PTON. Eminence Capital LP bought a new stake in shares of Peloton Interactive in the 2nd quarter valued at $112,681,000. DNB Asset Management AS lifted its holdings in Peloton Interactive by 142.4% in the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after buying an additional 6,331,510 shares during the period. Hennessy Advisors Inc. acquired a new position in Peloton Interactive in the fourth quarter valued at $30,533,000. Alyeska Investment Group L.P. boosted its position in Peloton Interactive by 306.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock valued at $33,648,000 after acquiring an additional 4,116,986 shares during the last quarter. Finally, Norges Bank acquired a new stake in Peloton Interactive during the 4th quarter worth about $23,796,000. Institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PTON. Citigroup lowered their target price on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Zacks Research upgraded shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Truist Financial lowered their price target on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 6th. Wall Street Zen lowered Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Morgan Stanley upped their target price on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.42.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.