GoPro Inc (GPRO) Shares Bought by Cwm LLC

Cwm LLC grew its position in shares of GoPro Inc (NASDAQ:GPRO) by 35,016.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,232 shares of the company’s stock after acquiring an additional 70,032 shares during the quarter. Cwm LLC’s holdings in GoPro were worth $457,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GPRO. Kessler Investment Group LLC grew its position in GoPro by 43.3% during the first quarter. Kessler Investment Group LLC now owns 71,937 shares of the company’s stock worth $468,000 after buying an additional 21,729 shares in the last quarter. Norges Bank acquired a new stake in GoPro during the fourth quarter worth about $240,000. UBS Oconnor LLC grew its position in GoPro by 1,186.5% during the fourth quarter. UBS Oconnor LLC now owns 995,872 shares of the company’s stock worth $4,222,000 after buying an additional 918,460 shares in the last quarter. Amalgamated Bank acquired a new stake in GoPro during the fourth quarter worth about $72,000. Finally, Legal & General Group Plc grew its position in GoPro by 51.1% during the fourth quarter. Legal & General Group Plc now owns 57,959 shares of the company’s stock worth $246,000 after buying an additional 19,603 shares in the last quarter. Institutional investors own 41.00% of the company’s stock.

In other news, CFO Brian Mcgee sold 19,526 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $6.04, for a total value of $117,937.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicholas Woodman sold 1,400,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $5.94, for a total transaction of $8,316,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,819,526 shares of company stock valued at $17,561,937 in the last quarter. Corporate insiders own 26.61% of the company’s stock.

GPRO has been the topic of a number of recent research reports. Zacks Investment Research raised GoPro from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research report on Friday, February 8th. BidaskClub downgraded GoPro from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Longbow Research reissued a “hold” rating on shares of GoPro in a research report on Tuesday, April 9th. Wedbush reissued a “neutral” rating and set a $6.00 target price on shares of GoPro in a research report on Thursday, January 31st. Finally, ValuEngine raised GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.72.

NASDAQ GPRO opened at $6.07 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.19 and a current ratio of 1.58. The company has a market cap of $912.01 million, a price-to-earnings ratio of -13.20, a P/E/G ratio of 9.34 and a beta of 0.74. GoPro Inc has a 1-year low of $4.00 and a 1-year high of $7.60.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.06. The firm had revenue of $377.38 million during the quarter, compared to analysts’ expectations of $374.28 million. GoPro had a negative net margin of 9.49% and a negative return on equity of 34.77%. GoPro’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.30) EPS. On average, sell-side analysts predict that GoPro Inc will post 0.06 EPS for the current year.

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About GoPro

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

Further Reading: Asset Allocation, Balancing Your Investments

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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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