Fitbit Inc (NYSE:FIT) EVP Andy Missan sold 7,500 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $5.85, for a total value of $43,875.00. Following the completion of the sale, the executive vice president now owns 110,917 shares in the company, valued at approximately $648,864.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Andy Missan also recently made the following trade(s):

  • On Monday, March 11th, Andy Missan sold 7,500 shares of Fitbit stock. The shares were sold at an average price of $5.84, for a total value of $43,800.00.
  • On Monday, February 11th, Andy Missan sold 15,000 shares of Fitbit stock. The shares were sold at an average price of $6.62, for a total value of $99,300.00.

Shares of NYSE FIT opened at $5.71 on Monday. Fitbit Inc has a one year low of $4.23 and a one year high of $7.79. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.52 and a beta of 1.70.

Fitbit (NYSE:FIT) last issued its quarterly earnings data on Wednesday, February 27th. The scientific and technical instruments company reported $0.07 EPS for the quarter. Fitbit had a negative return on equity of 19.03% and a negative net margin of 12.29%. The firm had revenue of $571.20 million for the quarter, compared to analyst estimates of $569.30 million. During the same period in the prior year, the firm posted ($0.02) EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts predict that Fitbit Inc will post -0.43 earnings per share for the current year.

A number of research analysts have commented on FIT shares. Zacks Investment Research raised Fitbit from a “hold” rating to a “strong-buy” rating and set a $5.75 price objective on the stock in a report on Wednesday, January 2nd. ValuEngine raised Fitbit from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 15th. Finally, Wedbush lowered Fitbit from an “outperform” rating to a “neutral” rating and set a $6.50 price objective on the stock. in a report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $6.28.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stone Ridge Asset Management LLC grew its holdings in shares of Fitbit by 5.0% during the 4th quarter. Stone Ridge Asset Management LLC now owns 52,883 shares of the scientific and technical instruments company’s stock worth $263,000 after purchasing an additional 2,495 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Fitbit by 49.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 8,869 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 2,950 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Fitbit by 8.5% during the 4th quarter. Hsbc Holdings PLC now owns 61,812 shares of the scientific and technical instruments company’s stock worth $307,000 after purchasing an additional 4,831 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Fitbit by 19.9% during the 4th quarter. Amalgamated Bank now owns 29,385 shares of the scientific and technical instruments company’s stock worth $146,000 after purchasing an additional 4,877 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Fitbit by 46.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,443 shares of the scientific and technical instruments company’s stock worth $92,000 after purchasing an additional 5,854 shares in the last quarter. 65.28% of the stock is currently owned by hedge funds and other institutional investors.

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About Fitbit

Fitbit, Inc, a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Charge 3, Fitbit Surge, Fitbit Blaze, Fitbit Charge 2, Alta HR, Alta, Fitbit Ace, Fitbit Flex 2, Fitbit One, and Fitbit Zip activity trackers; Fitbit Ionic and Fitbit Versa smartwatches; Fitbit Aria 2 Wi-Fi smart scales; and a range of accessories, such as bands and frames for its devices, as well as Fitbit Flyer, a wireless headphone designed for fitness.

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Insider Buying and Selling by Quarter for Fitbit (NYSE:FIT)

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