Sen. Jim Banks Sells Off Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Senator Jim Banks (Republican-Indiana) recently sold shares of Peloton Interactive, Inc. (NASDAQ:PTON). In a filing disclosed on June 07th, the Senator disclosed that they had sold between $1,001 and $15,000 in Peloton Interactive stock on June 5th.

Senator Jim Banks also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Starbucks (NASDAQ:SBUX) on 4/15/2026.

Peloton Interactive Price Performance

NASDAQ PTON traded up $0.02 during trading on Wednesday, reaching $5.59. The company’s stock had a trading volume of 6,926,165 shares, compared to its average volume of 14,240,791. The stock has a market capitalization of $2.42 billion, a PE ratio of 139.78, a P/E/G ratio of 0.96 and a beta of 2.54. The firm has a fifty day moving average of $5.26 and a 200 day moving average of $5.36. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) earnings per share. Research analysts expect that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

A number of large investors have recently modified their holdings of the company. Vident Advisory LLC raised its holdings in shares of Peloton Interactive by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after buying an additional 1,180 shares in the last quarter. Cresset Asset Management LLC raised its holdings in shares of Peloton Interactive by 11.9% during the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after buying an additional 1,354 shares in the last quarter. Vise Technologies Inc. raised its holdings in shares of Peloton Interactive by 10.3% during the 3rd quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after buying an additional 1,466 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Peloton Interactive by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock valued at $244,000 after buying an additional 1,526 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Peloton Interactive by 21.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,405 shares of the company’s stock valued at $53,000 after buying an additional 2,223 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Peloton Interactive

In other news, COO Charles Peter Kirol sold 19,806 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $5.02, for a total transaction of $99,426.12. Following the transaction, the chief operating officer directly owned 125,112 shares of the company’s stock, valued at approximately $628,062.24. The trade was a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Saqib Baig sold 29,075 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.27, for a total value of $153,225.25. Following the transaction, the chief financial officer directly owned 250,019 shares in the company, valued at $1,317,600.13. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 255,498 shares of company stock worth $1,245,332 over the last quarter. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

PTON has been the topic of a number of research analyst reports. Citigroup decreased their target price on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Zacks Research lowered Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, The Goldman Sachs Group increased their price objective on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and a consensus target price of $8.25.

About Senator Banks

Jim Banks (Republican Party) is a member of the U.S. Senate from Indiana. He assumed office on January 3, 2025. His current term ends on January 3, 2031.

Banks (Republican Party) ran for election to the U.S. Senate to represent Indiana. He won in the general election on November 5, 2024.

Jim Banks was born in Columbia City, Indiana, and lives in Indiana. Banks graduated from Columbia City High School. He began serving in the U.S. Navy Reserve in 2012. He was the first Indiana state legislator to take an extended leave of absence to fulfill service as an active military member. He deployed to Afghanistan in 2014 and returned in 2015. Banks earned an undergraduate degree from Indiana University and an M.B.A. from Grace College. His career experience includes working in the real estate and construction industries. Banks was previously president of the Columbia City Rotary Club, chairman of the Whitley County Republican Party, and has served on the Whitley County Council and Northeast Indiana Workforce Development Board

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.