Director Lance D'Ambrosio of Riot Platforms Inc (RIOT, Financial) executed a sale of 25,000 shares of the company on September 16, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 44,441 shares of the company. The shares were sold at a price of $7 each, totaling $175,000.
Riot Platforms Inc (RIOT, Financial) is a company that specializes in cryptocurrency mining. The company's operations include the mining of digital currencies and the operation of data centers that support blockchain technology.
Over the past year, Lance D'Ambrosio has sold a total of 25,000 shares and has not purchased any shares. The insider transaction history for Riot Platforms Inc shows a trend of more sales than purchases among insiders, with 6 insider sells and 0 insider buys over the past year.
Shares of Riot Platforms Inc were trading at $7 on the day of the sale, giving the company a market cap of approximately $2.18 billion. The price-earnings ratio of the company stands at 9.96, which is lower than both the industry median of 18.02 and the company's historical median.
According to the GF Value, the intrinsic value of Riot Platforms Inc is estimated at $8.98 per share, making the stock modestly undervalued with a price-to-GF-Value ratio of 0.78.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This recent insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments.
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.
