Peloton Interactive (NASDAQ:PTON) Insider Jennifer Cunningham Cotter Sells 125,432 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 125,432 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.15, for a total transaction of $520,542.80. Following the sale, the insider directly owned 254,766 shares of the company’s stock, valued at $1,057,278.90. The trade was a 32.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jennifer Cunningham Cotter also recently made the following trade(s):

• On Thursday, November 20th, Jennifer Cunningham Cotter sold 131,495 shares of Peloton Interactive stock. The stock was sold at an average price of $6.64, for a total transaction of $873,126.80.

Peloton Interactive Trading Up 3.1%

PTON opened at $4.32 on Thursday. Peloton Interactive, Inc. has a 1-year low of $4.08 and a 1-year high of $10.02. The firm’s 50 day simple moving average is $5.83 and its two-hundred day simple moving average is $6.95. The company has a market capitalization of $1.84 billion, a PE ratio of -33.23, a PEG ratio of 0.83 and a beta of 2.41.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 5th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $656.50 million during the quarter, compared to the consensus estimate of $675.04 million. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.24) earnings per share. Equities analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PTON. UBS Group restated a “buy” rating on shares of Peloton Interactive in a research report on Tuesday, February 3rd. Morgan Stanley boosted their price objective on Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Bank of America set a $9.00 price target on Peloton Interactive in a report on Friday, January 30th. Finally, Citigroup cut their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.42.

More Peloton Interactive News

Here are the key news stories impacting Peloton Interactive this week:

• Neutral Sentiment: Brokerage consensus remains cautious — Peloton has an average analyst recommendation of “Hold,” which points to limited near‑term upside from analysts’ views. Peloton Given Average Recommendation of “Hold” by Brokerages
• Negative Sentiment: Large CFO sale — CFO Elizabeth Coddington sold 238,013 shares (~40.7% reduction of her holdings) at an average price of $4.18, a substantial insider reduction that can signal management liquidity needs or reduced conviction and often weighs on investor sentiment. CFO Form 4 Filing
• Negative Sentiment: Other senior insider sales — Several other executives sold meaningful positions on Feb 17–18, including Nick V. Caldwell (50,570 shares at $4.15), Jennifer Cunningham Cotter (125,432 shares at $4.15), Dion C. Sanders (88,242 shares at $4.14), Charles Peter Kirol (6,419 shares at $4.14), and Saqib Baig (30,918 and 5,722 shares at ~$4.14–$4.31). These cumulative sales materially reduce insider ownership and can amplify negative sentiment. Representative SEC filings: Caldwell filing. Caldwell Form 4 Filing

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors have recently made changes to their positions in PTON. Royal Bank of Canada grew its stake in Peloton Interactive by 342.6% in the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock worth $3,896,000 after acquiring an additional 477,106 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Peloton Interactive by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock worth $1,839,000 after acquiring an additional 6,921 shares in the last quarter. NewEdge Advisors LLC increased its position in Peloton Interactive by 3,132.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after purchasing an additional 15,068 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Peloton Interactive by 27.1% in the 1st 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 period. Finally, Caxton Associates LLP bought a new position in shares of Peloton Interactive during the first quarter valued at approximately $282,000. Institutional investors own 77.01% of the company’s stock.

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.