Fitbit Inc (FIT) Director Sells $102150.00 in Stock

A number of institutional investors have recently bought and sold shares of FIT. The fund owned 139,126 shares of the scientific and technical instruments company's stock after purchasing an additional 138,538 shares during the quarter. Principal Financial Group Inc. purchased a new stake in Fitbit in the 2nd quarter worth approximately $114,000. Ameriprise Financial Inc. now owns 35,837 shares of the scientific and technical instruments company's stock worth $186,000 after buying an additional 9,461 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of Fitbit during the 2nd quarter worth $157,000.

On Monday, October 2nd, Jon Callaghan sold 15,000 shares of Fitbit stock. Amalgamated Bank increased its stake in shares of Fitbit by 20.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 646,872 shares of the scientific and technical instruments company's stock worth $3,829,000 after purchasing an additional 183,025 shares during the period. Schwab Charles Investment Management Inc. now owns 382,085 shares of the scientific and technical instruments company's stock valued at $2,262,000 after buying an additional 100,406 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Fitbit by 39.5% during the first quarter. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows "Buy" signal.

On Wednesday, November 1st, Andy Missan sold 5,000 shares of Fitbit stock. The stock was sold at an average price of $6.29, for a total value of $94,350.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The stock was sold at an average price of $6.89, for a total transaction of $103,350.00. Following the completion of the transaction, the executive vice president now directly owns 105,000 shares of the company's stock, valued at $620,550. The disclosure for this sale can be found here. Insiders have sold a total of 1,051,841 shares of company stock valued at $6,462,854 in the last quarter.

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Currently Fitbit Inc (NYSE:FIT)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 64.9%.

Several brokerages recently weighed in on FIT. Finally, Zacks Investment Research raised Fitbit from a "sell" rating to a "hold" rating in a report on Saturday, April 1st. SunTrust Banks, Inc. reissued a "hold" rating and set a $7.00 price target on shares of Fitbit in a report on Wednesday, February 22nd. Finally, Deutsche Bank reaffirmed a "hold" rating and set a $5.50 target price on shares of Fitbit in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Fitbit has an average rating of "Hold" and an average target price of $8.92.

Shares of Fitbit Inc (NYSE:FIT) traded up $0.12 during midday trading on Thursday, hitting $6.78. The stock traded with the average Volume of 5.76 Million at the end of last session. Fitbit Inc has a 1 year low of $4.90 and a 1 year high of $8.40.

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According to analysts Fitbit Inc (NYSE:FIT)'s minimum EPS for the current quarter is at $-0.06 and can go high up to $0.02. The firm presently has a "hold" rating on the scientific and technical instruments company's stock. The company had revenue of $392.50 million for the quarter, compared to analyst estimates of $391.70 million. The firm's revenue for the quarter was down 22.1% compared to the same quarter a year ago. The company's revenue was down 22.1% compared to the same quarter past year.

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Fitbit Inc (NYSE:FIT)'s trailing twelve month revenues are $1.62 Billion, whereas its price to sales ratio for the same period is 0.97.

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