Peloton Interactive Inc (NASDAQ:PTON) reported a series of insider transactions involving its Chief Accounting Officer, Saqib Baig, who sold a total of 36,640 shares of Class A common stock for approximately $152,586.
The dispositions were executed over two days. On February 17, 2026, Baig sold 30,918 shares in multiple trades at prices between $4.1100 and $4.2150 per share, producing proceeds of $127,944 and reflecting a weighted average sale price of $4.1382. The following day, February 18, 2026, Baig sold an additional 5,722 shares at $4.3067 per share, yielding $24,642.
These sales followed an earlier transaction on February 15, 2026, when Baig acquired 79,934 shares of Class A common stock through the exercise of Restricted Stock Units (RSUs).
Peloton's insider activity coincides with the company's recently released fiscal second-quarter 2026 financial results. Revenue for the period totaled $656.5 million, a decline of 2.6% compared with the prior year. That topline missed the consensus analyst estimate of $675.6 million and also fell below Peloton's own guidance range of $665 million to $685 million.
On the profitability front, Peloton reported a loss of $0.09 per share for the quarter, which was wider than the expected loss of $0.05 per share.
Analyst reactions to the results were mixed. BofA Securities kept its Buy rating on Peloton but lowered its price target to $7.50 from $9.00, citing lower-than-expected hardware sales and delayed delivery times. Telsey Advisory Group trimmed its price target to $6.00 from $8.00 while maintaining a Market Perform rating, attributing the change to ongoing growth challenges. Canaccord Genuity reiterated a Buy rating with a $10.00 price target despite the sales shortfall. Needham maintained a Hold rating and highlighted persistent revenue pressures even as adjusted EBITDA and free cash flow estimates showed improvement.
Taken together, the insider transactions and quarterly results illustrate a period of active management-level share activity at Peloton alongside mixed financial signals that have elicited a range of responses from equity analysts. The company faces continued scrutiny over hardware demand and delivery execution while working to improve margin-related metrics.