Cubist Systematic Strategies LLC grew its position in shares of GoPro Inc (NASDAQ:GPRO) by 416.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,158 shares of the company’s stock after acquiring an additional 23,508 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in GoPro were worth $321,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Essex Investment Management Co. LLC acquired a new stake in shares of GoPro in the third quarter valued at about $122,000. Principal Financial Group Inc. purchased a new position in GoPro in the third quarter valued at about $139,000. Nomura Holdings Inc. boosted its holdings in GoPro by 5.4% in the second quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after purchasing an additional 704 shares during the last quarter. Amalgamated Bank boosted its holdings in GoPro by 14.6% in the second quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after purchasing an additional 1,858 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in GoPro in the third quarter valued at about $266,000. Institutional investors own 26.07% of the company’s stock.
A number of research analysts recently commented on the company. Oppenheimer reissued a “hold” rating on shares of GoPro in a report on Friday, September 29th. Wedbush reissued a “neutral” rating and issued a $10.00 price target (down previously from $11.48) on shares of GoPro in a report on Friday, September 29th. Dougherty & Co increased their price target on GoPro from $5.00 to $7.00 and gave the company a “sell” rating in a report on Monday, October 2nd. Vetr downgraded GoPro from a “buy” rating to a “hold” rating and set a $11.84 price target for the company. in a report on Monday, September 18th. Finally, Citigroup reduced their price target on GoPro from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GoPro has an average rating of “Hold” and a consensus price target of $9.68.
In related news, CFO Brian Mcgee sold 7,541 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $8.23, for a total value of $62,062.43. Following the sale, the chief financial officer now owns 79,167 shares of the company’s stock, valued at approximately $651,544.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anthony John Bates sold 17,023 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total value of $135,843.54. Following the completion of the sale, the director now directly owns 99,459 shares in the company, valued at approximately $793,682.82. The disclosure for this sale can be found here. In the last three months, insiders sold 704,907 shares of company stock worth $6,478,800. Company insiders own 28.58% of the company’s stock.
Shares of GoPro Inc (NASDAQ:GPRO) opened at $7.57 on Friday. The stock has a market capitalization of $1,100.00, a P/E ratio of -4.40, a P/E/G ratio of 8.27 and a beta of 0.53. GoPro Inc has a 1-year low of $7.14 and a 1-year high of $11.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.08.
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. 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.