Prior to this sale, Boone acquired 33,683 shares through the conversion of RSUs on December 31, 2024. These RSUs were granted as part of her compensation during her tenure as Interim Chief Executive Officer and President, with the shares vesting in two equal installments by the end of 2024. Following the sale, Boone maintains direct ownership of 244,641 shares in Peloton, which currently has a market capitalization of $3.38 billion. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 2.01, while offering additional insights through 8 more key ProTips available to subscribers.
Prior to this sale, Boone acquired 33,683 shares through the conversion of RSUs on December 31, 2024. These RSUs were granted as part of her compensation during her tenure as Interim Chief Executive Officer and President, with the shares vesting in two equal installments by the end of 2024. Following the sale, Boone maintains direct ownership of 244,641 shares in Peloton, which currently has a market capitalization of $3.38 billion. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 2.01, while offering additional insights through 8 more key ProTips available to subscribers.
In other recent news, Peloton Interactive (NASDAQ:PTON) has been making strides in its financial position and executive board. UBS has maintained a neutral rating on the company, identifying significant cost reduction opportunities, particularly in general and administrative expenses. If successful, Peloton could see more than $200 million of incremental cost reduction. Deutsche Bank (ETR:DBKGn) and BMO Capital Markets have recognized this strategic shift towards profitability, adjusting their stock targets accordingly.
Peloton’s recent earnings report disclosed an operating income of $13 million, free cash flow of $11 million, and adjusted EBITDA of $116 million. The company’s subscription base now includes over 6 million members, generating $1.7 billion in annualized subscription revenue.
In terms of governance, Tara Comonte has been appointed as a new independent director, and Jay Hoag has been elected as a Class II director. The company’s shareholders approved an executive compensation plan and ratified Ernst & Young LLP as Peloton’s independent registered public accounting firm for the fiscal year ending June 30, 2025. Peloton also resolved a class action lawsuit initiated by Eric Gilbert, which included a payment of $125,000 in legal fees. The company has announced plans for expansion in Germany, and Peter Stern (AS:PBHP) is set to become CEO in January.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.