Calamos Wealth Management LLC Decreases Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Calamos Wealth Management LLC trimmed its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 12.1% during the fourth quarter, HoldingsChannel reports. The fund owned 725,168 shares of the company’s stock after selling 99,500 shares during the quarter. Calamos Wealth Management LLC’s holdings in Peloton Interactive were worth $6,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Peloton Interactive in the 4th quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. increased its position in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after buying an additional 1,597 shares during the period. Verdence Capital Advisors LLC bought a new stake in Peloton Interactive in the 3rd quarter valued at $52,000. Ballentine Partners LLC acquired a new stake in shares of Peloton Interactive during the 3rd quarter worth approximately $55,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Peloton Interactive in the 4th quarter valued at $104,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Friday, November 1st. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a research note on Monday. JPMorgan Chase & Co. increased their target price on Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird lifted their target price on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and increased their price target for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Sixteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.10.

Peloton Interactive Price Performance

PTON opened at $7.32 on Tuesday. The firm has a 50 day moving average price of $9.12 and a 200-day moving average price of $6.53. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 138,391 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the sale, the insider now owns 287,973 shares of the company’s stock, valued at approximately $2,162,677.23. The trade was a 32.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Saqib Baig sold 36,776 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.53, for a total value of $276,923.28. Following the completion of the transaction, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. This trade represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 395,813 shares of company stock valued at $3,041,724 in the last 90 days. Insiders own 1.34% of the company’s stock.

Peloton Interactive Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.