GoPro (NASDAQ:GPRO) EVP Sells $186,053.32 in Stock

GoPro, Inc. (NASDAQ:GPRO) EVP Brian Mcgee sold 150,043 shares of GoPro stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $1.24, for a total value of $186,053.32. Following the completion of the sale, the executive vice president directly owned 779,974 shares in the company, valued at approximately $967,167.76. This represents a 16.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

GoPro Stock Down 0.8%

Shares of NASDAQ GPRO opened at $1.22 on Friday. GoPro, Inc. has a twelve month low of $0.3980 and a twelve month high of $2.37. The business’s 50 day moving average price is $1.05 and its two-hundred day moving average price is $0.81. The company has a market cap of $192.21 million, a PE ratio of -1.77 and a beta of 1.40.

Institutional Trading of GoPro

Institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in shares of GoPro by 89.6% during the second quarter. Captrust Financial Advisors now owns 33,041 shares of the company’s stock valued at $25,000 after purchasing an additional 15,618 shares during the period. Jump Financial LLC bought a new stake in GoPro in the 2nd quarter valued at about $25,000. Tower Research Capital LLC TRC raised its stake in GoPro by 153.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company’s stock worth $26,000 after buying an additional 14,485 shares during the period. Banco BTG Pactual S.A. bought a new position in GoPro in the second quarter worth approximately $27,000. Finally, BNP Paribas Financial Markets boosted its holdings in GoPro by 323.9% in the second quarter. BNP Paribas Financial Markets now owns 36,497 shares of the company’s stock worth $28,000 after acquiring an additional 27,887 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

Analyst Ratings Changes

GPRO has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of GoPro from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Wedbush reiterated a “neutral” rating and set a $0.75 target price (down from $1.00) on shares of GoPro in a research report on Tuesday, May 13th. Finally, Morgan Stanley restated an “underweight” rating on shares of GoPro in a research report on Tuesday, August 12th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $0.75.

About GoPro

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.