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SAN MATEO, CA—Dean Jahnke, Senior Vice President of Global Sales at GoPro, Inc. (NASDAQ:GPRO), recently sold 6,323 shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The transaction comes as GoPro, currently valued at $128 million in market cap, has seen its stock decline 22% year-to-date according to InvestingPro data. The shares were sold at a weighted average price of $0.8563, totaling approximately $5,414. This transaction was part of a pre-arranged trading plan under Rule 10b5-1, which Jahnke adopted on February 29, 2024.
In a separate transaction on February 18, Jahnke disposed of 16,914 shares to cover tax obligations arising from the vesting of restricted stock units. These shares were relinquished in exchange for GoPro’s agreement to pay the related federal and state tax withholding obligations. This transaction was valued at approximately $15,050, based on a price of $0.8898 per share.
Following these transactions, Jahnke holds 355,529 shares of GoPro stock. Notably, his holdings include 2,500 shares acquired through the company’s employee stock purchase plan on February 14, 2025. According to InvestingPro’s Fair Value analysis, GoPro appears undervalued at its current price of $0.82. Discover comprehensive insights and 12+ additional key metrics in the Pro Research Report, available exclusively to subscribers.
In other recent news, GoPro, Inc. has unveiled its latest advancements in 360-degree camera technology and mobile editing software, introducing the refreshed MAX 360 camera with a new battery and improved mounting system. The company has also updated its Quik App, enhancing the mobile editing experience with AI-powered object tracking and other features. In a strategic move to expand its market presence, GoPro has entered into a distribution partnership with Kimpex, a leading powersports distributor in Canada, to increase the availability of its products across the country. This collaboration will utilize Kimpex’s extensive network of over 2,300 dealers, aiming to cater to powersports enthusiasts. Additionally, GoPro has announced exclusive partnerships with premier racing series MotoGP and MXGP to provide immersive point-of-view experiences for fans, using its HERO13 Black cameras for high-resolution content. The company will also be the title sponsor of a MotoGP Grand Prix event in 2025. These developments reflect GoPro’s ongoing commitment to enhancing user experiences and expanding its reach in various markets.
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