Sen. Jim Banks (R-IN) Sells Peloton Interactive (PTON) Stock
Jim Banks disclosed a sale of Peloton shares valued between $1,001 and $15,000.
Reviewed by automated data checks against the source filing. How we make and check alerts
Sen. Jim Banks (R-IN) sold between $1,001 and $15,000 of Peloton Interactive, Inc. ($PTON) stock on June 5, 2026. The trade was disclosed in a STOCK Act periodic transaction report filed June 7, 2026.
Since the trade, $PTON is down 3.8% after 1 week, up 1.7% after 1 month and down 9.5% to date (from the $5.77 close on Jun 5, 2026).
Financial Disclosure Report
Secretary of the Senate • Office of Public Records • 232 Hart Senate Office Building • Washington, DC 20510
Filer Information
- Name:
- Sen. Jim Banks (R-IN)
- Status:
- Member — Senate
- State/District:
- IN
- Party:
- republican
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Jun 7, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Peloton Interactive, Inc. ($PTON) | Sell | Jun 5, 2026 | $1,001 - $15,000 |
Summary of the filed report, not the original document. Find the original: Senate financial disclosure search
PTON
Peloton Interactive, Inc.
Key Points
- Jim Banks sold Peloton shares valued between $1,001 and $15,000, as disclosed on June 7, 2026.
- Peloton shares are trading at $5.55 with a market cap of $2.4 billion and a P/E ratio of 92.5.
- BlackRock reduced its Peloton holdings by 280,296 shares, while DNB Asset Management increased its stake significantly.
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On June 7, 2026, Jim Banks, a member of the Senate, reported selling shares of Peloton Interactive, Inc. The transaction was valued between $1,001 and $15,000. This disclosure comes as part of periodic transaction reports required under the STOCK Act.
Jim Banks vs. the S&P 500
Hypothetical returns from Jim Banks's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Peloton
BlackRock, Inc. trimmed its Peloton holdings by 280,296 shares, ending with 32.3 million shares valued at about $138.7 million. DNB Asset Management AS significantly increased its stake by 11.9 million shares, totaling 22.7 million shares worth approximately $97.3 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both added new positions, each holding 19.3 million and 17.9 million shares, respectively. Meanwhile, D. E. Shaw & Co., Inc. boosted its stake by 720,405 shares, bringing its total to 17.9 million shares.
Peloton Interactive, Inc. Stock Up 12.3%
Shares of NasdaqGS:PTON are currently trading near $5.55. Peloton Interactive, Inc. has a market cap of about $2.4 billion. The company sports a P/E ratio of 92.5 and a forward P/E of 22.6, indicating high expectations for future earnings. With a beta of 2.531, the stock is quite volatile. Over the past year, it has ranged between $3.65 and $9.20. The stock's 50-day moving average is $5.35, while the 200-day moving average is $6.06.
Recent Earnings
In its most recent earnings report, Peloton Interactive posted revenue of $2.45 billion with a modest growth of 1.1%. The company reported earnings per share of $0.06, maintaining a net margin of 0.95%. Peloton's return on equity was not specified, but these figures suggest a company in a stable financial position, with the next earnings report due on May 7, 2026.
Insider Buying and Selling at Peloton Interactive, Inc.
Recently, insider transactions at Peloton included several notable trades. On June 9, 2026, Saqib Baig, the Interim CFO and CAO, sold 5,000 shares at an average price of $5.66 under a pre-planned 10b5-1 trading plan. Meanwhile, several other insiders, including Angel Mendez and Chris Bruzzo, engaged in both buying and selling activities.
Analysts Set New Price Targets
Analysts have recently updated their views on Peloton. On May 8, 2026, Macquarie maintained a 'buy' rating with a $7.00 price target. Goldman Sachs also maintained its 'buy' rating, setting an $8.00 target. The consensus among 16 analysts is a 'buy' recommendation, with an average price target of $8.09.
About Peloton Interactive
Peloton Interactive, Inc. provides fitness and wellness products and services, primarily in North America. Known for its connected fitness products like the Peloton Bike and Tread, the company also offers memberships and leases equipment. Founded in 2012, Peloton is headquartered in New York, NY, and led by CEO Peter C. Stern. It employs around 2,605 people and operates in the leisure industry within the consumer cyclical sector.
Bottom Line
Jim Banks' recent sale of Peloton shares is part of the regular financial disclosures required for transparency. Peloton remains a volatile stock with a high P/E ratio and significant institutional activity, reflecting varied confidence levels among investors. As always, these filings are backward-looking and may not represent the current position of the investor.
Related Filing Alerts
Source: Jim Banks's STOCK Act disclosure on $PTON (Jun 5, 2026). Find the original filing: Senate financial disclosure search. Written by software, not financial advice. How we make alerts