GoPro (NASDAQ:GPRO) COO Brian Mcgee Sells 130,631 Shares of Stock

GoPro, Inc. (NASDAQ:GPRO) COO Brian Mcgee sold 130,631 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $0.97, for a total transaction of $126,712.07. Following the transaction, the chief operating officer owned 947,123 shares in the company, valued at $918,709.31. This represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GoPro Price Performance

Shares of NASDAQ GPRO opened at $1.00 on Friday. GoPro, Inc. has a 1 year low of $0.57 and a 1 year high of $3.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.58 and a quick ratio of 0.38. The company’s 50-day moving average is $1.00 and its 200 day moving average is $1.23. The stock has a market capitalization of $164.16 million, a P/E ratio of -1.27 and a beta of 2.46.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.32). The company had revenue of $99.07 million for the quarter, compared to analysts’ expectations of $137.54 million. GoPro had a negative net margin of 20.70% and a negative return on equity of 161.44%. On average, sell-side analysts expect that GoPro, Inc. will post -0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GPRO shares. Weiss Ratings cut shares of GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Wall Street Zen cut shares of GoPro from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. OMERS ADMINISTRATION Corp lifted its stake in shares of GoPro by 59.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 265,800 shares of the company’s stock worth $205,000 after buying an additional 99,100 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of GoPro by 137.1% in the first quarter. Renaissance Technologies LLC now owns 1,625,900 shares of the company’s stock worth $1,252,000 after buying an additional 940,300 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of GoPro by 10.6% in the first quarter. Public Employees Retirement System of Ohio now owns 149,341 shares of the company’s stock worth $115,000 after buying an additional 14,324 shares in the last quarter. R Squared Ltd lifted its stake in shares of GoPro by 49.4% in the first quarter. R Squared Ltd now owns 97,067 shares of the company’s stock worth $75,000 after buying an additional 32,113 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of GoPro by 27.4% in the first quarter. Assenagon Asset Management S.A. now owns 162,535 shares of the company’s stock worth $125,000 after buying an additional 34,961 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

About GoPro

GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro’s product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.