Corient Private Wealth LLC Sells 456,551 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Corient Private Wealth LLC lessened its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 92.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,768 shares of the company’s stock after selling 456,551 shares during the quarter. Corient Private Wealth LLC’s holdings in Peloton Interactive were worth $311,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Peloton Interactive during the 4th quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after buying an additional 1,597 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Peloton Interactive during the third quarter worth about $58,000. SBI Securities Co. Ltd. bought a new position in Peloton Interactive during the fourth quarter valued at about $69,000. Finally, Jones Financial Companies Lllp raised its holdings in Peloton Interactive by 33.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock valued at $83,000 after acquiring an additional 2,403 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $6.30 on Monday. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The firm has a market capitalization of $2.46 billion, a P/E ratio of -8.18 and a beta of 1.95. The company’s 50 day simple moving average is $7.73 and its 200 day simple moving average is $7.60.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jennifer Cunningham Cotter sold 187,238 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the sale, the insider now owns 100,269 shares of the company’s stock, valued at approximately $646,735.05. This trade represents a 65.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nick V. Caldwell sold 68,727 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the transaction, the insider now directly owns 474,234 shares of the company’s stock, valued at approximately $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 691,597 shares of company stock worth $5,671,783. Insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PTON shares. Macquarie restated a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Citigroup dropped their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.69.

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.