Insider Selling: Peloton Interactive (NASDAQ:PTON) COO Sells $80,721.00 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 8,969 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $9.00, for a total transaction of $80,721.00. Following the completion of the sale, the chief operating officer owned 14,352 shares in the company, valued at $129,168. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Charles Peter Kirol also recently made the following trade(s):

• On Thursday, September 4th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The stock was sold at an average price of $8.00, for a total transaction of $71,752.00.
• On Thursday, August 28th, Charles Peter Kirol sold 3,587 shares of Peloton Interactive stock. The stock was sold at an average price of $7.60, for a total transaction of $27,261.20.
• On Wednesday, July 16th, Charles Peter Kirol sold 20,633 shares of Peloton Interactive stock. The stock was sold at an average price of $6.39, for a total transaction of $131,844.87.

Peloton Interactive Price Performance

NASDAQ PTON opened at $8.58 on Friday. The company has a market capitalization of $3.50 billion, a P/E ratio of -27.68, a PEG ratio of 3.30 and a beta of 2.27. Peloton Interactive, Inc. has a 12 month low of $4.52 and a 12 month high of $10.90. The company’s 50 day simple moving average is $7.86 and its 200 day simple moving average is $6.97.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $606.90 million during the quarter, compared to analysts’ expectations of $580.29 million. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS. Peloton Interactive has set its FY 2025 guidance at EPS. On average, analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PTON. FNY Investment Advisers LLC bought a new position in Peloton Interactive during the 1st quarter worth approximately $37,000. Bessemer Group Inc. raised its holdings in shares of Peloton Interactive by 1,602.6% in the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after purchasing an additional 5,000 shares during the last quarter. MAI Capital Management raised its holdings in shares of Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after purchasing an additional 2,158 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after purchasing an additional 1,864 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock valued at $52,000 after purchasing an additional 7,469 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PTON. Macquarie upped their price target on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Telsey Advisory Group upped their price objective on shares of Peloton Interactive from $8.00 to $9.00 and gave the company a “market perform” rating in a research note on Thursday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Peloton Interactive in a research note on Saturday, September 27th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Friday. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.36.

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.