California State Teachers Retirement System Has $1.89 Million Position in GoPro Inc (GPRO)

California State Teachers Retirement System trimmed its position in shares of GoPro Inc (NASDAQ:GPRO) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,170 shares of the company’s stock after selling 18,273 shares during the period. California State Teachers Retirement System owned about 0.12% of GoPro worth $1,885,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Essex Investment Management Co. LLC bought a new position in GoPro during the 3rd quarter valued at about $122,000. Principal Financial Group Inc. bought a new position in GoPro during the 3rd quarter valued at about $139,000. Nomura Holdings Inc. grew its holdings in GoPro by 5.4% during the 2nd 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 grew its holdings in GoPro by 14.6% during the 2nd 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, Virtu KCG Holdings LLC grew its holdings in GoPro by 58.1% during the 2nd quarter. Virtu KCG Holdings LLC now owns 28,278 shares of the company’s stock valued at $230,000 after purchasing an additional 10,390 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

In other news, Director Anthony John Bates sold 17,023 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were 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 owns 99,459 shares of the company’s stock, valued at approximately $793,682.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Mcgee sold 7,541 shares of the company’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 transaction of $62,062.43. Following the completion of the sale, the chief financial officer now directly owns 79,167 shares of the company’s stock, valued at approximately $651,544.41. The disclosure for this sale can be found here. Insiders sold a total of 704,907 shares of company stock valued at $6,478,800 in the last ninety days. Corporate insiders own 28.58% of the company’s stock.

Several equities analysts recently commented on the stock. Oppenheimer reiterated a “hold” rating on shares of GoPro in a report on Friday, September 29th. Zacks Investment Research downgraded shares of GoPro from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Wedbush reissued a “neutral” rating and issued a $6.00 price objective (down from $10.50) on shares of GoPro in a research report on Tuesday, January 9th. Dougherty & Co reissued a “sell” rating and issued a $4.00 price objective (down from $7.00) on shares of GoPro in a research report on Tuesday, January 9th. Finally, Citigroup lowered their price objective on shares of GoPro to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.74.

Shares of GoPro Inc (NASDAQ GPRO) opened at $6.27 on Friday. The stock has a market cap of $915.16, a PE ratio of -3.65 and a beta of 0.53. 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 has a 52-week low of $5.04 and a 52-week high of $11.89.

GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.14. GoPro had a negative net margin of 17.52% and a negative return on equity of 15.90%. equities research analysts anticipate that GoPro Inc will post -0.87 earnings per share for the current year.

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About GoPro

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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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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