Riot Platforms Inc (RIOT, Financial), a company specializing in cryptocurrency mining with a focus on Bitcoin, has reported an insider sale according to a recent SEC filing. Director Hannah Cho sold 15,000 shares of the company on February 28, 2024. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Hannah Cho, who holds a director position at Riot Platforms Inc, has been active in the market over the past year, selling a total of 29,000 shares and making no purchases of the company's stock.
The insider transaction history for Riot Platforms Inc shows a pattern of insider sales, with 12 recorded over the past year and no insider buys during the same period.
On the day of the insider's recent sale, shares of Riot Platforms Inc were trading at $17.42, giving the company a market capitalization of $3.66 billion.
The stock's valuation, as indicated by the price-to-GF-Value ratio, stands at 1.46, suggesting that Riot Platforms Inc is modestly overvalued when compared to the GF Value of $11.93. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's value and future prospects. The recent sale by Director Hannah Cho may attract attention from the market as stakeholders evaluate the significance of this insider activity in the context of Riot Platforms Inc's current valuation and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
