On March 30, 2023 at 10:05:19 ET an unusually large
$265.62K block of Call contracts in Riot Blockchain
(RIOT) was sold,
with a strike price of $6.00 / share, expiring in 78 days (on June 16, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 6.40 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in RIOT options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 0.04% Downside
As of March 30, 2023,
the average one-year price target for Riot Blockchain is $9.23.
The forecasts range from a low of $5.05 to a high of $12.60.
The average price target represents a decrease of 0.04% from its latest reported closing price of $9.23.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Riot Blockchain
is $424MM, an increase of 63.58%.
The projected annual non-GAAP EPS
is -$0.08.
What is the Fund Sentiment?
There are 397 funds or institutions reporting positions in Riot Blockchain.
This is an increase
of
7
owner(s) or 1.79% in the last quarter.
Average portfolio weight of all funds dedicated to RIOT is 0.18%,
a decrease
of 26.26%.
Total shares owned by institutions increased
in the last three months by 4.71% to 67,804K shares.
The put/call ratio of RIOT is 0.65, indicating a
bullish
outlook.
What are Large Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 4,579K shares
representing 2.74% ownership of the company.
No change in the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares
holds 3,879K shares
representing 2.32% ownership of the company.
In it’s prior filing, the firm reported owning 3,925K shares, representing
a decrease
of 1.17%.
The firm
decreased
its portfolio allocation in RIOT by 55.75% over the last quarter.
IWM – iShares Russell 2000 ETF
holds 3,654K shares
representing 2.19% ownership of the company.
In it’s prior filing, the firm reported owning 2,964K shares, representing
an increase
of 18.88%.
The firm
decreased
its portfolio allocation in RIOT by 46.01% over the last quarter.
Geode Capital Management
holds 3,491K shares
representing 2.09% ownership of the company.
In it’s prior filing, the firm reported owning 2,611K shares, representing
an increase
of 25.21%.
The firm
decreased
its portfolio allocation in RIOT by 40.18% over the last quarter.
BLOK – Amplify Transformational Data Sharing ETF
holds 2,584K shares
representing 1.55% ownership of the company.
In it’s prior filing, the firm reported owning 2,023K shares, representing
an increase
of 21.73%.
The firm
increased
its portfolio allocation in RIOT by 30.61% over the last quarter.
Riot Blockchain Background Information
(This description is provided by the company.)
Riot Blockchain focuses on cryptocurrency mining of bitcoin. The Company is expanding and upgrading its mining operations by securing the most energy efficient miners currently available. Riot also holds certain non-controlling investments in blockchain technology companies. Riot is headquartered in Castle Rock, Colorado, and the Company’s primary mining facility operates out of upstate New York, under a co-location hosting agreement with Coinmint.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
