Insider Selling: GoPro CEO Sells 5,092,374 Shares of Stock (GPRO)
GoPro (NASDAQ:GPRO) CEO Nicholas Woodman unloaded 5,092,374 shares of GoPro stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $22.56, for a total value of $114,883,957.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Dougherty & Co initiated coverage on shares of GoPro in a research note on Wednesday, June 25th. They set a “buy” rating and a $28.00 price target on the stock.
GoPro (NASDAQ:GPRO) traded up 20.35% on Tuesday, hitting $48.7999. The stock had a trading volume of 41,795,184 shares. GoPro has a 52 week low of $28.65 and a 52 week high of $49.90. The stock has a 50-day moving average of $39.11 and a 200-day moving average of $39.11. The company has a market cap of $6.009 billion and a P/E ratio of 102.66.
GoPro, Inc develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content.
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