Nicholas Woodman Sells 342,679 Shares of GoPro Inc (GPRO) Stock

GoPro Inc (NASDAQ:GPRO) CEO Nicholas Woodman sold 342,679 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $5.91, for a total value of $2,025,232.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nicholas Woodman also recently made the following trade(s):

  • On Monday, April 29th, Nicholas Woodman sold 550,845 shares of GoPro stock. The stock was sold at an average price of $6.02, for a total value of $3,316,086.90.
  • On Friday, March 29th, Nicholas Woodman sold 1,400,000 shares of GoPro stock. The shares were sold at an average price of $6.52, for a total value of $9,128,000.00.
  • On Friday, March 1st, Nicholas Woodman sold 1,400,000 shares of GoPro stock. The shares were sold at an average price of $5.94, for a total value of $8,316,000.00.

GPRO stock opened at $7.06 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 1.08. GoPro Inc has a 1-year low of $4.00 and a 1-year high of $7.64. The company has a market cap of $1.13 billion, a P/E ratio of -15.35, a price-to-earnings-growth ratio of 5.03 and a beta of 0.69.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. GoPro had a negative return on equity of 15.82% and a negative net margin of 4.80%. The firm had revenue of $243.00 million for the quarter, compared to analyst estimates of $234.41 million. During the same period in the prior year, the firm posted ($0.34) EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts forecast that GoPro Inc will post 0.15 EPS for the current year.

A number of analysts recently commented on the company. BidaskClub upgraded GoPro from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research upgraded GoPro from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective on the stock in a report on Thursday. Longbow Research restated a “hold” rating on shares of GoPro in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. boosted their price target on GoPro from $7.50 to $8.00 in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. GoPro currently has an average rating of “Hold” and an average price target of $7.44.

A number of hedge funds and other institutional investors have recently modified their holdings of GPRO. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of GoPro by 9.7% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,863 shares of the company’s stock valued at $149,000 after acquiring an additional 2,021 shares during the period. VisionPoint Advisory Group LLC lifted its position in shares of GoPro by 11.5% during the 1st quarter. VisionPoint Advisory Group LLC now owns 29,150 shares of the company’s stock valued at $189,000 after acquiring an additional 3,000 shares during the period. Penserra Capital Management LLC lifted its position in shares of GoPro by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock valued at $59,000 after acquiring an additional 3,062 shares during the period. Versant Capital Management Inc lifted its position in shares of GoPro by 36.6% during the 4th quarter. Versant Capital Management Inc now owns 16,398 shares of the company’s stock valued at $69,000 after acquiring an additional 4,395 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of GoPro by 55.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock valued at $69,000 after acquiring an additional 5,829 shares during the period. 42.97% of the stock is currently owned by hedge funds and other institutional investors.

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About GoPro

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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