GoPro Inc. Major Holders Shift Stakes Ahead Of Lock-Up Expiration

GoPro Inc.

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