Peloton chief content officer sells $432,319 in stock

Jennifer Cunningham Cotter, Chief Content Officer at Peloton Interactive, Inc. (NASDAQ:PTON), has recently sold a significant portion of her holdings in the company. According to a recent SEC filing, Cotter sold 47,457 shares of Peloton’s Class A common stock on February 20, 2025. The shares were sold at a weighted average price of $9.1097, resulting in a total transaction value of approximately $432,319. The sale comes as Peloton’s stock has shown significant volatility, with a remarkable 100% gain over the past year despite a recent 12% decline in the past week.

The sale was conducted under a Rule 10b5-1 trading plan, which Cotter adopted on December 7, 2023. This type of trading plan allows insiders of publicly traded corporations to set up a predetermined schedule for selling stocks, providing an affirmative defense against accusations of insider trading.

Following the transaction, Cotter retains direct ownership of 287,507 shares of Peloton. The shares sold were part of multiple transactions executed at prices ranging from $8.98 to $9.65 per share.

In other recent news, Peloton Interactive reported second-quarter fiscal year 2025 revenue of $674 million, exceeding the consensus estimate of $655 million. The company’s EBITDA also surpassed expectations, coming in at $58.4 million, significantly higher than the anticipated range of $20-30 million. BofA Securities responded by raising its price target for Peloton to $11.50 and maintaining a Buy rating, highlighting the company’s improved financial performance and cost efficiencies. Additionally, Peloton’s free cash flow reached $106 million, a substantial increase from the previous quarter, with expectations of over $200 million for the full fiscal year.

Citi analysts adjusted their price target for Peloton to $10, maintaining a Neutral stance, citing improvements in customer engagement and profitability. Telsey Advisory Group kept its Market Perform rating with an unchanged price target of $11.00, acknowledging Peloton’s strong adjusted EBITDA and increased free cash flow projections. Despite these positive developments, Needham analysts maintained a Hold rating, expressing concerns about Peloton’s revenue growth outlook.

Truist Securities also raised its price target to $11.00 while keeping a Hold rating, noting Peloton’s ongoing efforts to restructure its business strategy and improve marketing efficiency. The firm remains cautious about the company’s long-term growth prospects and total addressable market size. These recent developments reflect a mixed outlook among analysts as Peloton continues to navigate its financial and operational strategies.

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