Canada Pension Plan Investment Board acquired a new stake in GoPro, Inc. (NASDAQ:GPRO) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 40,000 shares of the company’s stock, valued at approximately $440,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GPRO. Nomura Holdings Inc. raised its stake in GoPro by 5.4% during the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after buying an additional 704 shares during the period. Amalgamated Bank increased its position in shares of GoPro by 14.6% during the second quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after acquiring an additional 1,858 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of GoPro by 195.5% during the second quarter. 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 last quarter. Virtu KCG Holdings LLC increased its position in shares of GoPro by 58.1% during the second quarter. Virtu KCG Holdings LLC now owns 28,278 shares of the company’s stock valued at $230,000 after acquiring an additional 10,390 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of GoPro by 2.3% during the second quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock valued at $281,000 after acquiring an additional 763 shares during the last quarter. 26.09% of the stock is owned by hedge funds and other institutional investors.
GPRO has been the subject of a number of analyst reports. Zacks Investment Research raised GoPro from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, October 4th. Longbow Research upgraded GoPro from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.60 to $13.00 in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Morgan Stanley raised their target price on GoPro from $8.50 to $9.50 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Oppenheimer reissued a “hold” rating on shares of GoPro in a research note on Friday, September 29th. Finally, Vetr cut GoPro from a “buy” rating to a “hold” rating and set a $11.84 price objective on the stock. in a research report on Monday, September 18th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.68.
GoPro, Inc. (NASDAQ GPRO) traded up $0.07 during trading hours on Thursday, reaching $7.99. 2,846,644 shares of the company’s stock traded hands, compared to its average volume of 4,276,659. GoPro, Inc. has a 12 month low of $7.14 and a 12 month high of $11.89. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38.
In related news, COO Charles J. Prober sold 24,918 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $11.00, for a total transaction of $274,098.00. Following the completion of the sale, the chief operating officer now owns 148,493 shares in the company, valued at approximately $1,633,423. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Nicholas Woodman sold 515,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $9.30, for a total transaction of $4,789,500.00. The disclosure for this sale can be found here. Insiders sold a total of 729,825 shares of company stock worth $6,752,898 over the last three months. Insiders own 28.58% of the company’s stock.
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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.
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