Sen. Jim Banks Sells Off Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Senator Jim Banks (Republican-Indiana) recently sold shares of Peloton Interactive, Inc. (NASDAQ:PTON). In a filing disclosed on June 07th, the Senator disclosed that they had sold between $1,001 and $15,000 in Peloton Interactive stock on June 5th.

Senator Jim Banks also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Starbucks (NASDAQ:SBUX) on 4/15/2026.

Peloton Interactive Trading Up 0.3%

Shares of NASDAQ:PTON traded up $0.02 during trading on Tuesday, reaching $5.68. The company had a trading volume of 2,375,870 shares, compared to its average volume of 14,221,033. The company has a fifty day moving average of $5.24 and a two-hundred day moving average of $5.37. The stock has a market capitalization of $2.46 billion, a P/E ratio of 142.16, a price-to-earnings-growth ratio of 0.98 and a beta of 2.54. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.12) earnings per share. As a group, equities research analysts predict that Peloton Interactive, Inc. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

PTON has been the topic of a number of research analyst reports. Citigroup decreased their price target on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. The Goldman Sachs Group increased their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.25.

Insiders Place Their Bets

In other Peloton Interactive news, CFO Saqib Baig sold 5,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $5.45, for a total value of $27,250.00. Following the sale, the chief financial officer owned 239,046 shares of the company’s stock, valued at $1,302,800.70. This trade represents a 2.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,523 shares of Peloton Interactive stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 255,498 shares of company stock worth $1,245,332. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Peloton Interactive

A number of large investors have recently added to or reduced their stakes in PTON. Sankala Group LLC bought a new stake in Peloton Interactive in the 4th quarter worth $31,000. Cora Capital Advisors LLC bought a new stake in Peloton Interactive in the 1st quarter worth $43,000. Advisory Services Network LLC bought a new stake in Peloton Interactive in the 3rd quarter worth $48,000. SummitTX Capital L.P. bought a new stake in Peloton Interactive in the 1st quarter worth $50,000. Finally, waypoint wealth counsel bought a new stake in Peloton Interactive in the 1st quarter worth $53,000. Institutional investors own 77.01% of the company’s stock.

About Senator Banks

Jim Banks (Republican Party) is a member of the U.S. Senate from Indiana. He assumed office on January 3, 2025. His current term ends on January 3, 2031.

Banks (Republican Party) ran for election to the U.S. Senate to represent Indiana. He won in the general election on November 5, 2024.

Jim Banks was born in Columbia City, Indiana, and lives in Indiana. Banks graduated from Columbia City High School. He began serving in the U.S. Navy Reserve in 2012. He was the first Indiana state legislator to take an extended leave of absence to fulfill service as an active military member. He deployed to Afghanistan in 2014 and returned in 2015. Banks earned an undergraduate degree from Indiana University and an M.B.A. from Grace College. His career experience includes working in the real estate and construction industries. Banks was previously president of the Columbia City Rotary Club, chairman of the Whitley County Republican Party, and has served on the Whitley County Council and Northeast Indiana Workforce Development Board

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.