Insider Selling: GoPro major shareholder Unloads 658,443 Shares of Stock (GPRO)
GoPro (NASDAQ:GPRO) major shareholder Neil Dana unloaded 658,443 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $22.56, for a total transaction of $14,854,474.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
GoPro (NASDAQ:GPRO) traded up 20.35% during mid-day trading on Tuesday, hitting $48.7999. 41,795,184 shares of the company’s stock traded hands. GoPro has a one year low of $28.65 and a one year 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.
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, Inc develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content.
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