Insider Selling: GoPro, Inc. (GPRO) Director Sells 17,023 Shares of Stock
GoPro, Inc. (NASDAQ:GPRO) Director Anthony John Bates sold 17,023 shares of GoPro stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total transaction of $135,843.54. Following the sale, the director now directly owns 99,459 shares of the company’s stock, valued at approximately $793,682.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
GoPro, Inc. (NASDAQ:GPRO) traded up $0.07 on Thursday, reaching $7.99. The company’s stock had a trading volume of 2,846,644 shares, compared to its average volume of 4,276,659. GoPro, Inc. has a 52 week low of $7.14 and a 52 week high of $11.89. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38.
A number of equities analysts recently weighed in on the stock. Vetr lowered shares of GoPro from a “buy” rating to a “hold” rating and set a $11.84 target price for the company. in a research note on Monday, September 18th. BidaskClub cut shares of GoPro from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Wedbush reiterated a “neutral” rating on shares of GoPro in a research note on Thursday, October 26th. Oppenheimer reiterated a “market perform” rating on shares of GoPro in a research report on Wednesday, August 9th. Finally, Longbow Research raised shares of GoPro from a “neutral” rating to a “buy” rating and increased their price objective for the company from $9.60 to $13.00 in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.68.
Several institutional investors have recently bought and sold shares of GPRO. Nomura Holdings Inc. increased its stake in GoPro by 5.4% in the second quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after purchasing an additional 704 shares during the last quarter. Amalgamated Bank boosted its holdings in GoPro by 14.6% in the second quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after purchasing an additional 1,858 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in GoPro in the third quarter valued at about $122,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in GoPro by 195.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company’s stock valued at $132,000 after purchasing an additional 10,750 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of GoPro during the 3rd quarter worth approximately $139,000. Hedge funds and other institutional investors own 26.09% of the company’s stock.
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GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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