Fitbit Inc (FIT) Files Form 4 Insider Selling : Steven Joseph Murray Sells 1,000,000 Shares

Fitbit Inc (FIT): Steven Joseph Murray , director other of Fitbit Inc sold 1,000,000 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $14.20 per share for a total value of $14205 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Philip Douglas Black (10% owner) sold 25,000 shares at $14.01 per share price.On May 17, 2016, Andy Missan (EVP, GC & SECRETARY) sold 2,500 shares at $13.87 per share price.Also, On May 3, 2016, Timothy M. Roberts (EVP, INTERACTIVE) sold 47,470 shares at $18.10 per share price.On Apr 19, 2016, Hansgregory C. Hartmann (COO) sold 150,000 shares at $17.19 per share price.

Fitbit Inc: On Friday, May 27, 2016 heightened volatility was witnessed in Fitbit Inc which led to swings in the share price. The shares opened for trading at $14.2 and hit $14.42 on the upside , eventually ending the session at $14.32, with a gain of 1.13% or 0.16 points. The heightened volatility saw the trading volume jump to 45,66,465 shares. The 52-week high of the share price is $51.9 and the company has a market cap of $3,121 M . The 52-week low of the share price is at $11.91.

Fitbit Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Fitbit Inc is Reiterated by Piper Jaffray to Neutral and the brokerage firm has raised the Price Target to $ 16 from a previous price target of $14 .The Rating was issued on Apr 15, 2016.Fitbit Inc is Initiated by Longbow to Buy and the brokerage firm has set the Price Target at $20. The Rating was issued on Mar 31, 2016.

Fitbit Inc. (Fitbit) is a provider of health and fitness products. The Company’s Fitbit platform combines connected health and fitness devices with software and services including an online dashboard and mobile applications data analytics motivational and social tools personalized insights and virtual coaching through fitness plans and interactive workouts. It offers a number of fitness products including Fitbit Zip Fitbit One Fitbit Flex Fitbit Charge Fitbit Charge HR Fitbit Surge and Aria. Its wrist-based and clippable devices automatically track users’ daily steps calories burned distance traveled floors climbed and active minutes and display real-time feedback to encourage them to become more active in their daily lives. Fitbit Premium is its membership that serves as an around the clock virtual personal trainer delivered to users through any Web browser. It operates FitStar a provider of interactive video-based exercise experiences on mobile devices and computers.

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Fitbit Inc - Is it time to Sell?

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