GoPro Inc. GPRO closed Friday little changed after a raft of filings revealed shifting stakes among major shareholders.
GoPro shares tumbled last week when the company offered a disappointing outlook and its chief operating officer abruptly resigned.
A lock-up on 76.1 million GoPro shares expires Tuesday and at least some analysts have predicted the shares will fall further as a result.
On Friday, Foxteq Holdings Inc. boosted its stake in GoPro to a 15.3 percent stake.
http://www.sec.gov/Archives/edgar/data/1500435/000095012715000007/a15-5_13g.htm
Foxteq, an earlier investor in GoPro, had reduced its holdings via the company's June initial public offering to 10 percent, from 10.18 percent.
http://www.sec.gov/Archives/edgar/data/1500435/000119312514250045/d552193d424b4.htm#toc552193_14
Also Friday, Susquehanna Fundamental Investments, LLC disclosed a 6.7 percent stake in GoPro; as of the offering Susquehanna wasn't a major shareholder.
http://www.sec.gov/Archives/edgar/data/1446179/000110465915009926/a15-4233_32sc13g.htm
Family members and a trust related to GoPro Chief Executive Nicholas Woodman disclosed a combined 22.9 percent stake on Friday.
http://www.sec.gov/Archives/edgar/data/1202695/000114420415008495/v401265_sc13g.htm
As of the IPO, Woodman had controled about 54 percent of GoPro shares.
On Thursday, Wellington Management Group LLP disclosed a 7.4 percent stake held on behalf of clients.
http://www.sec.gov/Archives/edgar/data/902219/000090221915000218/SEC13G_Filing.htm
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