Charles Peter Kirol Sells 6,419 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 6,419 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total value of $26,574.66. Following the sale, the chief operating officer owned 88,408 shares in the company, valued at approximately $366,009.12. The trade was a 6.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, January 21st, Charles Peter Kirol sold 3,399 shares of Peloton Interactive stock. The shares were sold at an average price of $5.85, for a total value of $19,884.15.
• On Friday, January 16th, Charles Peter Kirol sold 22,520 shares of Peloton Interactive stock. The stock was sold at an average price of $6.47, for a total transaction of $145,704.40.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock traded up $0.13 during trading on Wednesday, reaching $4.32. 11,117,151 shares of the company traded hands, compared to its average volume of 14,892,185. The firm has a market capitalization of $1.84 billion, a PE ratio of -33.23, a P/E/G ratio of 0.87 and a beta of 2.41. Peloton Interactive, Inc. has a 1-year low of $4.08 and a 1-year high of $10.02. The company has a 50 day moving average price of $5.88 and a 200-day moving average price of $6.97.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly 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 business had revenue of $656.50 million for the quarter, compared to analyst estimates of $675.04 million. During the same period last year, the firm earned ($0.24) EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On Peloton Interactive

Large investors have recently bought and sold shares of the stock. Bessemer Group Inc. boosted its holdings in Peloton Interactive by 1,602.6% during the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the last quarter. MAI Capital Management lifted its position in shares of Peloton Interactive by 64.6% during 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 in the last quarter. Advisory Services Network LLC bought a new position in shares of Peloton Interactive during the third quarter valued at about $48,000. Evolve Private Wealth LLC purchased a new position in Peloton Interactive during the fourth quarter worth about $62,000. Finally, NewEdge Advisors LLC grew its position in Peloton Interactive by 575.2% in the 4th quarter. NewEdge Advisors LLC now owns 10,182 shares of the company’s stock worth $63,000 after purchasing an additional 8,674 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Key Headlines Impacting Peloton Interactive

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

• Neutral Sentiment: Brokerage consensus remains tepid: analysts give PTON an average recommendation of “Hold,” signaling no clear upgrade or downgrade catalyst from the sell-side. Article Title
• Negative Sentiment: Significant insider selling across Peloton’s senior team — largest disclosed sales include CFO Elizabeth F. Coddington (238,013 shares, ~40.7% reduction), Jennifer Cunningham Cotter (125,432 shares, ~33% reduction), Dion C. Sanders (88,242 shares, ~37.5% reduction), Nick V. Caldwell (50,570 shares, ~5.9% reduction), COO Charles P. Kirol (6,419 shares, ~6.8% reduction), and CAO Saqib Baig (30,918 and 5,722 shares). Large, concentrated sales by officers can weigh on investor confidence and are typically viewed as negative signals unless explained as pre-planned liquidity needs. SEC filings: Coddington Coddington Form 4, Cotter Cotter Form 4, Sanders Sanders Form 4, Caldwell Caldwell Form 4, Kirol Kirol Form 4, Baig Baig Form 4.

Analyst Ratings Changes

PTON has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Wall Street Zen cut Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research report on Tuesday, February 3rd. Citigroup decreased their price target on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Finally, Bank of America set a $9.00 price objective on shares of Peloton Interactive in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.42.

Peloton Interactive Company Profile

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.