Brian Mcgee Sells 130,631 Shares of GoPro (NASDAQ:GPRO) Stock

GoPro, Inc. (NASDAQ:GPRO) COO Brian Mcgee sold 130,631 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $0.97, for a total value of $126,712.07. Following the completion of the transaction, the chief operating officer owned 947,123 shares in the company, valued at $918,709.31. The trade was a 12.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GoPro Price Performance

Shares of GoPro stock opened at $1.00 on Friday. The stock’s 50-day simple moving average is $1.00 and its 200-day simple moving average is $1.23. GoPro, Inc. has a 52 week low of $0.57 and a 52 week high of $3.05. The company has a market capitalization of $164.16 million, a price-to-earnings ratio of -1.27 and a beta of 2.46. The company has a quick ratio of 0.38, a current ratio of 0.58 and a debt-to-equity ratio of 0.58.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.32). GoPro had a negative net margin of 20.70% and a negative return on equity of 161.44%. The business had revenue of $99.07 million during the quarter, compared to analysts’ expectations of $137.54 million. As a group, analysts expect that GoPro, Inc. will post -0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GoPro

Large investors have recently made changes to their positions in the company. OMERS ADMINISTRATION Corp increased its stake in GoPro by 59.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 265,800 shares of the company’s stock worth $205,000 after acquiring an additional 99,100 shares during the last quarter. Renaissance Technologies LLC increased its stake in GoPro by 137.1% during the first quarter. Renaissance Technologies LLC now owns 1,625,900 shares of the company’s stock worth $1,252,000 after acquiring an additional 940,300 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in GoPro by 10.6% during the first quarter. Public Employees Retirement System of Ohio now owns 149,341 shares of the company’s stock worth $115,000 after acquiring an additional 14,324 shares during the last quarter. R Squared Ltd increased its stake in GoPro by 49.4% during the first quarter. R Squared Ltd now owns 97,067 shares of the company’s stock worth $75,000 after acquiring an additional 32,113 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in GoPro by 27.4% during the first quarter. Assenagon Asset Management S.A. now owns 162,535 shares of the company’s stock worth $125,000 after acquiring an additional 34,961 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GPRO shares. Weiss Ratings cut GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Wall Street Zen cut GoPro from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, GoPro has an average rating of “Sell”.

About GoPro

GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro’s product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.