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Saqib Baig, the Chief Accounting Officer of Peloton Interactive Inc . (NASDAQ:PTON), recently executed a series of stock transactions, according to a recent SEC filing. On February 18 and 19, Baig sold a total of 46,078 shares of Peloton’s Class A Common Stock. The shares were sold at weighted average prices of $9.6109 and $9.7492 per share, amounting to approximately $445,984. The transaction comes as Peloton’s stock shows strong momentum, with a remarkable 206% gain over the past six months. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
These sales were part of a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell company stock, typically in a way that avoids any allegations of insider trading. The transactions were conducted to cover tax liabilities related to the settlement of Restricted Stock Units (RSUs). With a current ratio of 2.06, InvestingPro data shows Peloton maintains strong liquidity to meet its short-term obligations, an important consideration when evaluating insider transactions. Get access to comprehensive insider trading analysis and 12+ additional ProTips with InvestingPro.
Following these transactions, Baig retains ownership of 130,031.47 shares of Peloton’s stock, representing a stake in the company that now has a market capitalization of approximately $3.8 billion.
In other recent news, Peloton Interactive reported second-quarter fiscal year 2025 results that exceeded expectations, with a revenue of $674 million, surpassing the consensus estimate of $655 million. The company’s EBITDA was notably higher than anticipated, reaching $58.4 million, well above the guidance range of $20-30 million. BofA Securities responded by raising its price target for Peloton to $11.50 and maintaining a Buy rating, noting the company’s effective cost management and strong gross margins. Meanwhile, Citi adjusted its price target to $10 while maintaining a Neutral rating, citing improvements in customer engagement and profitability. Telsey Advisory Group kept its price target steady at $11, maintaining a Market Perform rating, acknowledging Peloton’s significant improvements in adjusted EBITDA and free cash flow projections. Needham maintained a Hold rating, highlighting progress in unit economics but expressing concerns over revenue growth. Truist Securities also raised its price target to $11, while keeping a Hold rating, recognizing Peloton’s strategic efforts to reposition its business amid a challenging demand landscape. These developments reflect Peloton’s ongoing initiatives to enhance profitability and financial stability as it navigates the competitive fitness market.
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