Insider Selling: Peloton Interactive (NASDAQ:PTON) CFO Sells $27,250.00 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $5.45, for a total transaction of $27,250.00. Following the completion of the transaction, the chief financial officer directly owned 239,046 shares of the company’s stock, valued at approximately $1,302,800.70. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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, May 20th, Saqib Baig sold 5,973 shares of Peloton Interactive stock. The stock was sold at an average price of $5.19, for a total transaction of $30,999.87.
• On Monday, May 18th, Saqib Baig sold 29,075 shares of Peloton Interactive stock. The shares were sold at an average price of $5.27, for a total transaction of $153,225.25.
• On Monday, April 27th, Saqib Baig sold 15,000 shares of Peloton Interactive stock. The shares were sold at an average price of $5.50, for a total transaction of $82,500.00.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $6.40 on Friday. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20. The company has a 50 day simple moving average of $5.00 and a two-hundred day simple moving average of $5.44. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 160.04, a P/E/G ratio of 1.02 and a beta of 2.50.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. During the same quarter in the prior year, the company posted ($0.12) EPS. Peloton Interactive’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts forecast that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors have recently made changes to their positions in PTON. Royal Bank of Canada grew its holdings in shares of Peloton Interactive by 342.6% during the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after buying an additional 477,106 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Peloton Interactive by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock worth $1,839,000 after purchasing an additional 6,921 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Peloton Interactive by 3,132.6% in the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock worth $98,000 after purchasing an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after purchasing an additional 1,503,680 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in Peloton Interactive in the first quarter worth approximately $282,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PTON shares. Argus downgraded shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Truist Financial decreased their target price on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, February 6th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a report on Tuesday, February 3rd. Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a report on Wednesday. Finally, The Goldman Sachs Group increased their price target 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. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and an average target price of $8.25.

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.