Nicholas Woodman Sells 515000 Shares of GoPro, Inc. (NASDAQ:GPRO) Stock

Rodiano Bonacci
Novembre 25, 2017

On the opposite side of that transaction from Barclays Plc stood Vanguard Group Inc which added 462756 shares to its existing stake, bringing total stake held in GPRO to 7.56 million shares.

Additionally, according to the most recent 13F filing from GoPro, Inc. The fund bought 40,000 shares of the company's stock, valued at approximately $440,000.

Institutional investors have also been busy with the stock. Amalgamated Bank grew its position in shares of GoPro by 14.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 897,664 shares of the company's stock worth $14,973,000 after buying an additional 274,903 shares during the period.

COPYRIGHT VIOLATION NOTICE: "GoPro, Inc". During previous trade 3.13 Million shares of Gopro Inc Cl A Cmn (NASDAQ:GPRO) exchanged hands whereas on average nearly 6.48 Million shares has been traded. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company's stock valued at $132,000 after acquiring an additional 10,750 shares during the period. Rhumbline Advisers raised its position in GoPro by 2.1% in the third quarter. Teachers Advisors LLC now owns 1,091,694 shares of the company's stock worth $18,209,000 after buying an additional 765,645 shares during the period.

According to the latest data, the consensus recommendation for GoPro, Inc. "(GPRO)" was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of USA and worldwide copyright and trademark law. The original version of this news story can be viewed at https://weekherald.com/2017/11/23/gopro-inc-gpro-ceo-nicholas-woodman-sells-515000-shares.html.

In other GoPro news, Director Anthony John Bates sold 25,529 shares of the company's stock in a transaction dated Thursday, September 7th. The company has a consensus rating of "Hold" and an average price target of $9.68. Following the transaction, the director now directly owns 116,482 shares in the company, valued at approximately $1,184,621.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

The stock's 50-day average volume has been 6,346,824 shares, with an average of 75% of medium term indicators pointing toward Sell. NasdaqGS:GPRO is -21.75%. This is calculated by taking the earnings per share and dividing it by the last closing share price. The disclosure for this sale can be found here. Insiders own 28.58% of the company's stock.

Gopro Inc Cl A Cmn (NASDAQ:GPRO) has average revenue estimates of $477.25 Million, compared to low analyst estimates of $470 Million and high estimates of $490 Million for the current quarter. (NASDAQ GPRO) opened at $8.61 on Wednesday. GoPro, Inc. has a 12 month low of $7.14 and a 12 month high of $11.89. For the current year the company's revenue estimates are $1.32 Billion compared to low analyst estimates of $1.31 Billion and high estimates of $1.34 Billion according to the prediction of 12 analysts.

Several equities analysts have issued reports on GPRO shares. Citigroup Inc. decreased their target price on shares of GoPro from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Thursday, November 2nd. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded GoPro from a "hold" rating to a "buy" rating and set a $9.50 target price on the stock in a report on Monday, March 20th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories.

Want to see what other hedge funds are holding GPRO? The Company's product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.

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