Principal Financial Group Inc. Buys New Stake in GoPro, Inc. (GPRO)

Principal Financial Group Inc. bought a new stake in shares of GoPro, Inc. (NASDAQ:GPRO) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 12,609 shares of the company’s stock, valued at approximately $139,000.

Several other institutional investors have also modified their holdings of the company. Nomura Holdings Inc. boosted its position in shares of 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 acquiring an additional 704 shares in the last quarter. Legal & General Group Plc boosted its position in shares of GoPro by 2.3% during the 2nd 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 in the last quarter. Stifel Financial Corp boosted its position in shares of GoPro by 1.4% during the 2nd quarter. Stifel Financial Corp now owns 59,343 shares of the company’s stock valued at $482,000 after acquiring an additional 813 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of GoPro by 0.8% during the 2nd quarter. Nationwide Fund Advisors now owns 111,160 shares of the company’s stock valued at $904,000 after acquiring an additional 900 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of 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 acquiring an additional 1,858 shares in the last quarter. Institutional investors and hedge funds own 26.09% of the company’s stock.

In other GoPro news, Director Anthony John Bates sold 17,023 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 99,459 shares of the company’s stock, valued at $793,682.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Nicholas Woodman sold 515,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was 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. Over the last ninety days, insiders sold 704,907 shares of company stock valued at $6,478,800. Insiders own 28.58% of the company’s stock.

Several brokerages have recently weighed in on GPRO. J P Morgan Chase & Co lifted their target price on shares of GoPro from $13.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, September 7th. Citigroup restated a “neutral” rating and issued a $10.50 price target on shares of GoPro in a research report on Friday, September 8th. Oppenheimer restated a “hold” rating on shares of GoPro in a research report on Friday, September 29th. Wedbush restated a “neutral” rating and issued a $10.00 price target (down from $11.48) on shares of GoPro in a research report on Friday, September 29th. Finally, Vetr lowered shares of GoPro from a “buy” rating to a “hold” rating and set a $11.84 price target on the stock. in a research report on Monday, September 18th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.68.

GoPro, Inc. (NASDAQ GPRO) opened at $8.04 on Monday. GoPro, Inc. has a 12 month low of $7.14 and a 12 month high of $11.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65.

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GoPro Company Profile

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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