GoPro (NASDAQ:GPRO) COO Sells $126,712.07 in Stock

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

GoPro Price Performance

Shares of GoPro stock traded up $0.01 during trading on Friday, hitting $1.00. The stock had a trading volume of 4,717,809 shares, compared to its average volume of 5,972,778. 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 firm has a market cap of $164.16 million, a P/E ratio of -1.27 and a beta of 2.46. The business has a fifty day moving average of $1.00 and a two-hundred day moving average of $1.23. GoPro, Inc. has a fifty-two week low of $0.57 and a fifty-two week high of $3.05.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.32). The firm had revenue of $99.07 million during the quarter, compared to analyst estimates 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 fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen lowered GoPro from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings lowered GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. increased its holdings in shares of GoPro by 88.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 23,794 shares of the company’s stock valued at $34,000 after buying an additional 11,194 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of GoPro by 1,295,800.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock valued at $27,000 after buying an additional 12,958 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of GoPro in the third quarter valued at $28,000. Public Employees Retirement System of Ohio increased its holdings 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 valued at $115,000 after buying an additional 14,324 shares in the last quarter. Finally, R Squared Ltd increased its holdings in shares of GoPro by 29.7% in the fourth quarter. R Squared Ltd now owns 64,954 shares of the company’s stock valued at $92,000 after buying an additional 14,859 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

GoPro Company Profile

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.