Calamos Wealth Management LLC Has $6.31 Million Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

Calamos Wealth Management LLC cut its holdings in Peloton Interactive, Inc. (NASDAQ:PTONFree Report) by 12.1% during the fourth quarter, Holdings Channel.com reports. The firm 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.

A number of other hedge funds have also recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Peloton Interactive during the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after acquiring an additional 1,597 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in Peloton Interactive in the 3rd quarter valued at $52,000. Ballentine Partners LLC bought a new stake in shares of Peloton Interactive during the third quarter worth about $55,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Peloton Interactive in the third quarter worth approximately $58,000. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Down 5.5 %

PTON opened at $7.32 on Tuesday. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The firm’s fifty day simple moving average is $9.12 and its two-hundred day simple moving average is $6.53.

Analyst Ratings Changes

A number of analysts recently commented on PTON shares. BMO Capital Markets lifted their price target on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a report on Monday, November 4th. Morgan Stanley lifted their target price on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and raised their price target for the company from $3.75 to $9.00 in a report on Monday, November 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Peloton Interactive has an average rating of “Hold” and a consensus target price of $7.10.

Check Out Our Latest Research Report on Peloton Interactive

Insiders Place Their Bets

In related news, CAO Saqib Baig sold 36,776 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.53, for a total transaction of $276,923.28. Following the transaction, the chief accounting officer now directly owns 137,357 shares in the company, valued at approximately $1,034,298.21. This represents a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the sale, the insider now owns 287,973 shares of the company’s stock, valued at approximately $2,162,677.23. This represents a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 395,813 shares of company stock valued at $3,041,724 over the last 90 days. 1.34% of the stock is owned by company insiders.

Peloton Interactive Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding PTON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peloton Interactive, Inc. (NASDAQ:PTONFree Report).

Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

Receive News & Ratings for Peloton Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peloton Interactive and related companies with MarketBeat.com's FREE daily email newsletter.