Andy Missan Sells 5,000 Shares of Fitbit Inc (FIT) Stock

Fitbit Inc (NYSE:FIT) EVP Andy Missan sold 5,000 shares of Fitbit stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $5.17, for a total value of $25,850.00. Following the completion of the sale, the executive vice president now owns 125,127 shares of the company’s stock, valued at approximately $646,906.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Andy Missan also recently made the following trade(s):

  • On Tuesday, January 2nd, Andy Missan sold 5,000 shares of Fitbit stock. The shares were sold at an average price of $5.90, for a total value of $29,500.00.
  • On Friday, December 1st, Andy Missan sold 5,000 shares of Fitbit stock. The shares were sold at an average price of $6.81, for a total value of $34,050.00.

Shares of Fitbit Inc (NYSE FIT) traded down $0.17 during trading hours on Monday, hitting $5.03. The stock had a trading volume of 5,314,435 shares, compared to its average volume of 5,470,000. Fitbit Inc has a 1-year low of $4.90 and a 1-year high of $7.32. The stock has a market cap of $1,190.00 and a PE ratio of -3.05.

FIT has been the subject of several recent analyst reports. Zacks Investment Research upgraded Fitbit from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a report on Monday, October 30th. Stifel Nicolaus cut Fitbit from a “hold” rating to a “sell” rating and set a $6.00 price target for the company. in a report on Friday, December 15th. Roth Capital started coverage on Fitbit in a report on Friday, January 5th. They set a “buy” rating and a $10.00 target price for the company. Vetr upgraded Fitbit from a “hold” rating to a “buy” rating and set a $6.67 target price for the company in a report on Thursday, October 19th. Finally, Morgan Stanley boosted their target price on Fitbit from $6.50 to $7.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.06.

Several large investors have recently modified their holdings of FIT. HighTower Advisors LLC lifted its position in Fitbit by 5.6% during the 2nd quarter. HighTower Advisors LLC now owns 32,831 shares of the scientific and technical instruments company’s stock worth $174,000 after acquiring an additional 1,735 shares in the last quarter. Amalgamated Bank lifted its position in Fitbit by 20.1% during the 2nd quarter. Amalgamated Bank now owns 22,075 shares of the scientific and technical instruments company’s stock worth $117,000 after acquiring an additional 3,698 shares in the last quarter. American International Group Inc. lifted its position in Fitbit by 8.1% during the 3rd quarter. American International Group Inc. now owns 117,140 shares of the scientific and technical instruments company’s stock worth $815,000 after acquiring an additional 8,758 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Fitbit by 35.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,837 shares of the scientific and technical instruments company’s stock worth $186,000 after acquiring an additional 9,461 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Fitbit by 41.3% during the 2nd quarter. Stifel Financial Corp now owns 33,542 shares of the scientific and technical instruments company’s stock worth $179,000 after acquiring an additional 9,800 shares in the last quarter. Institutional investors and hedge funds own 60.39% of the company’s stock.

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About Fitbit

Fitbit, Inc is a provider of health and fitness devices. The Company’s platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts.

Insider Buying and Selling by Quarter for Fitbit (NYSE:FIT)

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