Insider Selling: Peloton Interactive (NASDAQ:PTON) CAO Sells 10,000 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 10,000 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $5.45, for a total transaction of $54,500.00. Following the transaction, the chief accounting officer directly owned 257,729 shares in the company, valued at $1,404,623.05. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Saqib Baig also recently made the following trade(s):

• On Wednesday, August 19th, Saqib Baig sold 4,912 shares of Peloton Interactive stock. The shares were sold at an average price of $5.45, for a total transaction of $26,770.40.
• On Monday, August 17th, Saqib Baig sold 36,439 shares of Peloton Interactive stock. The shares were sold at an average price of $5.36, for a total transaction of $195,313.04.

Peloton Interactive Stock Performance

Shares of PTON stock traded up $0.22 on Thursday, hitting $5.46. 8,259,252 shares of the company’s stock traded hands, compared to its average volume of 11,688,751. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $7.97. The company’s fifty day simple moving average is $5.15 and its 200 day simple moving average is $5.47. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 45.50, a P/E/G ratio of 0.43 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The business had revenue of $607.70 million during the quarter, compared to the consensus estimate of $596.60 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently modified their holdings of the business. Kirr Marbach & Co. LLC IN increased its holdings in shares of Peloton Interactive by 1.4% during the third quarter. Kirr Marbach & Co. LLC IN now owns 491,557 shares of the company’s stock valued at $2,453,000 after acquiring an additional 6,992 shares in the last quarter. Abel Hall LLC raised its position in shares of Peloton Interactive by 40.2% in the 3rd quarter. Abel Hall LLC now owns 26,989 shares of the company’s stock worth $135,000 after purchasing an additional 7,742 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Peloton Interactive by 632.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 307,290 shares of the company’s stock worth $1,533,000 after purchasing an additional 265,341 shares in the last quarter. Wedmont Private Capital boosted its stake in Peloton Interactive by 15.4% in the 3rd quarter. Wedmont Private Capital now owns 19,633 shares of the company’s stock worth $97,000 after purchasing an additional 2,624 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Peloton Interactive by 58.9% in the 3rd quarter. GAMMA Investing LLC now owns 6,992 shares of the company’s stock worth $35,000 after purchasing an additional 2,593 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PTON shares. Weiss Ratings raised Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Morgan Stanley lowered Peloton Interactive from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $5.00 to $4.50 in a research report on Tuesday, September 8th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Finally, UBS Group lowered their price objective on Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Peloton Interactive has an average rating of “Hold” and a consensus price target of $7.72.

Peloton Interactive Company Profile

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.