Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells 38,151 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 38,151 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.83, for a total transaction of $260,571.33. Following the completion of the sale, the chief financial officer now directly owns 258,880 shares in the company, valued at approximately $1,768,150.40. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Peloton Interactive Price Performance

NASDAQ PTON opened at $6.59 on Tuesday. The company’s 50 day simple moving average is $8.07 and its 200 day simple moving average is $7.46. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The company has a market capitalization of $2.57 billion, a P/E ratio of -8.56 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PTON shares. Citigroup dropped their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, February 11th. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Finally, JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Peloton Interactive in the fourth quarter worth approximately $28,000. Russell Investments Group Ltd. increased its position in shares of Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after acquiring an additional 3,636 shares in the last quarter. Comerica Bank increased its position in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after acquiring an additional 1,389 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after acquiring an additional 1,597 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Peloton Interactive in the fourth quarter worth approximately $69,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

About Peloton Interactive

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.