Yahoo Finance Insider Sale: Chief Supply Chain Officer Andrew Rendich Sells 27,741 Shares of Peloton ...
Peloton Interactive Inc (NASDAQ:PTON), a company known for its interactive fitness products, including stationary bicycles and treadmills that stream live and on-demand classes, has witnessed a significant insider transaction. Andrew Rendich, the Chief Supply Chain Officer, sold 27,741 shares of the company on May 20, 2024. The transaction was filed with the SEC and can be viewed in detail here.
Over the past year, the insider has sold a total of 277,928 shares of Peloton Interactive Inc (NASDAQ:PTON) and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 28 insider sells and no insider buys over the past year.
On the date of the sale, shares of Peloton Interactive Inc (NASDAQ:PTON) were trading at $3.91, giving the company a market cap of approximately $1.27 billion. This valuation comes at a time when the stock's GF Value is estimated at $7.69, indicating a price-to-GF-Value ratio of 0.51. According to GuruFocus, this suggests that the stock is a Possible Value Trap, and investors should think twice before making an investment.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by GuruFocus for the companys past performance and expected future business outcomes.
This insider sale by Andrew Rendich might provide current and potential investors with insights into the company's valuation and insider confidence levels. As always, it is recommended that investors conduct thorough research and consider current market trends and analyses before making investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
