Insider Selling: Xponential Fitness, Inc. (NYSE:XPOF) Director Sells $39,842,429.30 in Stock

Xponential Fitness, Inc. (NYSE:XPOF) Director Mark Grabowski sold 2,595,598 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.35, for a total transaction of $39,842,429.30. Following the transaction, the director now owns 30,546 shares in the company, valued at approximately $468,881.10. This trade represents a 98.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Xponential Fitness Trading Up 4.0 %

Shares of XPOF stock opened at $14.94 on Monday. The stock has a market capitalization of $721.60 million, a P/E ratio of -12.88 and a beta of 1.18. The firm’s 50 day moving average is $13.14 and its 200 day moving average is $13.42. Xponential Fitness, Inc. has a 12 month low of $7.40 and a 12 month high of $18.95.

Analysts Set New Price Targets

A number of research firms have weighed in on XPOF. Roth Mkm dropped their target price on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus boosted their target price on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Robert W. Baird dropped their target price on shares of Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. B. Riley boosted their target price on shares of Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Piper Sandler dropped their target price on shares of Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.17.

Institutional Trading of Xponential Fitness

Institutional investors have recently modified their holdings of the business. nVerses Capital LLC bought a new stake in Xponential Fitness during the 2nd quarter worth approximately $34,000. Quarry LP increased its holdings in Xponential Fitness by 80.4% during the 2nd quarter. Quarry LP now owns 3,692 shares of the company’s stock worth $58,000 after acquiring an additional 1,646 shares during the period. Canada Pension Plan Investment Board bought a new stake in Xponential Fitness during the 2nd quarter worth approximately $72,000. Dnca Finance bought a new stake in Xponential Fitness during the 2nd quarter worth approximately $107,000. Finally, SG Americas Securities LLC bought a new stake in Xponential Fitness during the 3rd quarter worth approximately $107,000. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

Xponential Fitness Company Profile

Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in North America. It offers pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga services under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.