Sen. Jim Banks Sells Off Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Senator Jim Banks (Republican-Indiana) recently sold shares of Peloton Interactive, Inc. (NASDAQ:PTON). In a filing disclosed on June 07th, the Senator disclosed that they had sold between $1,001 and $15,000 in Peloton Interactive stock on June 5th.

Senator Jim Banks also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Starbucks (NASDAQ:SBUX) on 4/15/2026.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON traded down $0.11 during trading on Tuesday, hitting $5.56. The company’s stock had a trading volume of 6,580,878 shares, compared to its average volume of 14,263,115. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20. The company has a market capitalization of $2.41 billion, a PE ratio of 138.91, a P/E/G ratio of 0.98 and a beta of 2.54. The business has a 50 day moving average price of $5.24 and a two-hundred day moving average price of $5.37.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. Peloton Interactive’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) earnings per share. As a group, equities analysts expect that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sankala Group LLC acquired a new stake in shares of Peloton Interactive in the 4th quarter valued at $31,000. Advisory Services Network LLC acquired a new position in shares of Peloton Interactive during the 3rd quarter worth $48,000. Quarry LP bought a new stake in shares of Peloton Interactive during the 3rd quarter worth $71,000. Cora Capital Advisors LLC bought a new stake in shares of Peloton Interactive during the 1st quarter worth $43,000. Finally, Evolve Private Wealth LLC acquired a new stake in Peloton Interactive in the fourth quarter valued at about $62,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Buying and Selling at Peloton Interactive

In other news, CFO Saqib Baig sold 29,075 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.27, for a total transaction of $153,225.25. Following the completion of the transaction, the chief financial officer directly owned 250,019 shares in the company, valued at approximately $1,317,600.13. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth F. Coddington sold 21,819 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $3.87, for a total value of $84,439.53. Following the sale, the chief financial officer directly owned 346,535 shares in the company, valued at approximately $1,341,090.45. This trade represents a 5.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 255,498 shares of company stock worth $1,245,332 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on PTON. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Argus cut Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Citigroup decreased their price objective on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and a consensus target price of $8.25.

About Senator Banks

Jim Banks (Republican Party) is a member of the U.S. Senate from Indiana. He assumed office on January 3, 2025. His current term ends on January 3, 2031.

Banks (Republican Party) ran for election to the U.S. Senate to represent Indiana. He won in the general election on November 5, 2024.

Jim Banks was born in Columbia City, Indiana, and lives in Indiana. Banks graduated from Columbia City High School. He began serving in the U.S. Navy Reserve in 2012. He was the first Indiana state legislator to take an extended leave of absence to fulfill service as an active military member. He deployed to Afghanistan in 2014 and returned in 2015. Banks earned an undergraduate degree from Indiana University and an M.B.A. from Grace College. His career experience includes working in the real estate and construction industries. Banks was previously president of the Columbia City Rotary Club, chairman of the Whitley County Republican Party, and has served on the Whitley County Council and Northeast Indiana Workforce Development Board

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.