SVP, Global Sales, CM, RE Jahnke Dean sold 14,089 shares of GoPro Inc. [GPRO]

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GoPro Inc. shares valued at $86,246 were sold by Jahnke Dean on Jun 24. At $6.12 per share, Jahnke Dean sold 14,089 shares. The insider’s holdings dropped to 248,339 shares worth approximately $1.7 million following the completion of this transaction.

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Also, Jahnke Dean sold 5,896 shares, netting a total of over 34,490 in proceeds. Following the sale of shares at $5.85 each, the insider now holds 262,428 shares.

Before that, Jahnke Dean had sold 13,634 shares from its account. In a trade valued at $91,566, the SVP, Global Sales, CM, RE traded GoPro Inc. shares for $6.72 each. Upon closing the transaction, the insider’s holdings decreased to 13,634 shares, worth approximately $1.84 million.

As published in their initiating research note from Jefferies on February 28, 2022, GoPro Inc. [GPRO] has been a Buy and the price target has been revised to $12. This represents a 43.0% premium over Thursday’s closing price. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of November 18, 2021, JP Morgan has increased its “Neutral” rating to a “an Overweight” for GPRO. Earlier on November 11, 2021, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for GPRO stock which previously was a “an Underweight”.

Analyzing GPRO’s Price Performance

On Thursday, GoPro Inc. [NASDAQ: GPRO] rose 1.48% to $6.84. The stock’s lowest price that day was $6.675, but it reached a high of $6.89 in the same session. During the last five days, there has been a surge of approximately 8.40%. Over the course of the year, GoPro Inc. shares have dropped approximately -33.66%. Shares of the company reached a 52-week high of $11.11 on 01/05/22 and a 52-week low of $5.24 on 07/14/22. A 50-day SMA is recorded $6.10, while a 200-day SMA reached $8.36. Nevertheless, trading volume fell to 3.34 million shares from 1.64 million shares the previous day.

Support And Resistance Levels for GoPro Inc. (GPRO)

According to the 24-hour chart, there is a support level at 6.71, which, if violated, would cause prices to drop to 6.59. In the upper region, resistance lies at 6.93. The next price resistance is at 7.02. RSI (Relative Strength Index) is 69.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 3.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is GoPro Inc. subject to short interest?

Stocks of GoPro Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.55 million shares to 10.86 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.41 million shares. A decline of -14.27% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.69 of the overall float, the days-to-cover ratio (short ratio) decline to 4.69.

Which companies own the most shares of GoPro Inc. (GPRO)?

According to The Vanguard Group, Inc. filings, the company currently owns 11,572,186 shares, which is about 8.83% of the total GPRO shares outstanding. The investor’s shares have plunged by -49,149 from its previous 13-F filing of 11621335.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $47,777,231. Prentice Capital Management LP acquire a 5.91% interest valued at $41.98 million while Fidelity Management & Research Co sold a -6,696,221 stake. A total of 476,117 shares of GoPro Inc. were sold by Newton Investment Management Nort during the quarter, and -554,093 were sold by D. E. Shaw & Co. LP. In its current portfolio, Greenlight Capital, Inc. holds 2,697,200 shares valued at $14.92 million.

In terms of GoPro Inc. share price expectations, FactSet research, analysts set an average price target of $10.43 in the next 12 months, up nearly 48.37% from the previous closing price of $6.74. Analysts anticipate GoPro Inc. stock to reach $13.00 by 2022, with the lowest price target being $8.00. In spite of this, 9 analysts ranked GoPro Inc. stock as an Overweight at the end of 2022. On March 16, 2020, Citigroup assigned a price target of “a Sell” to the stock and downgraded coverage with a $2.50.


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