Insider Selling: Peloton Interactive (NASDAQ:PTON) CFO Sells 238,013 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth Coddington sold 238,013 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.18, for a total transaction of $994,894.34. Following the transaction, the chief financial officer directly owned 346,535 shares in the company, valued at $1,448,516.30. The trade was a 40.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Peloton Interactive Trading Up 3.1%

PTON traded up $0.13 during trading on Wednesday, hitting $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 firm has a market cap 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 company has a 50 day simple moving average of $5.88 and a 200-day simple moving average of $6.97.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The business had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. Peloton Interactive’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.24) earnings per share. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. acquired a new stake in shares of Peloton Interactive during the 2nd quarter worth approximately $338,000. Voya Investment Management LLC grew its holdings in shares of Peloton Interactive by 325.5% during the third quarter. Voya Investment Management LLC now owns 429,929 shares of the company’s stock worth $3,869,000 after purchasing an additional 328,894 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in shares of Peloton Interactive in the third quarter valued at approximately $2,429,000. Geode Capital Management LLC raised its holdings in Peloton Interactive by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company’s stock valued at $63,450,000 after buying an additional 490,353 shares during the last quarter. Finally, Eminence Capital LP acquired a new stake in Peloton Interactive during the 2nd quarter worth approximately $112,681,000. 77.01% of the stock is currently owned by institutional investors.

More Peloton Interactive News

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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Telsey Advisory Group cut their target price on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, February 6th. Citigroup decreased their price target on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. JPMorgan Chase & Co. dropped their price objective on Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Finally, Macquarie Infrastructure boosted their target price on Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and an average target price of $8.42.

Peloton Interactive Company Profile

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.