Fitbit Inc (FIT) Files Form 4 Insider Selling : Hansgregory C. Hartmann Sells 150,000 Shares

Fitbit Inc (FIT): Hansgregory C. Hartmann , COO of Fitbit Inc sold 150,000 shares on Apr 18, 2016. The Insider selling transaction was reported by the company on Apr 19, 2016 to the Securities and Exchange Commission. The shares were sold at $17.19 per share for a total value of $2,578,140.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 8, 2016, Andy Missan (EVP, GC, & SECRETARY) sold 15,000 shares at $15.35 per share price.On Apr 5, 2016, Timothy M. Roberts (EVP, INTERACTIVE) sold 47,470 shares at $15.00 per share price.Also, On Mar 8, 2016, Steven Joseph Murray (director other) sold 1,000,000 shares at $13.09 per share price.On Feb 26, 2016, Hansgregory C. Hartmann (COO) sold 70,000 shares at $12.31 per share price.

Shares of Fitbit Inc (FIT) ended Monday, Apr 18, 2016 session in red amid volatile trading. The shares closed down -0.16 points or -0.93% at $17.04 with 93,37,086 shares getting traded. Post opening the session at $17, the shares hit an intraday low of $16.97 and an intraday high of $17.5 and the price vacillated in this range throughout the day. The company has a market cap of $3,681 M and the number of outstanding shares has been calculated to be 21,60,06,380 shares. The 52-week high of Fitbit Inc is $51.9 and the 52-week low is $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 is Reiterated by Mizuho to Buy while Lowering the Price Target of the company shares to $ 20 from a previous price target of $38 . The Rating was issued on Feb 23, 2016.Fitbit Inc is Downgraded by Piper Jaffray to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Feb 23, 2016.Fitbit Inc is Downgraded by Pacific Crest to Sector Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Feb 23, 2016.

Institutional Investors own 48.15% of Fitbit Inc shares.

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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