On August 14, 2024, Director Hubert Marleau sold 17,861 shares of Riot Platforms Inc (NASDAQ:RIOT), according to a recent SEC filing. Following this transaction, the insider now owns 66,000 shares of the company.
Riot Platforms Inc (NASDAQ:RIOT) is a cryptocurrency mining company. It is involved in the development, support, and operation of blockchain technologies. The company’s main activities include digital currency mining, data center hosting, and manufacturing electrical products for the digital currency mining industry.
In the last year, Hubert Marleau sold a total of 69,026 shares and made no purchases. Riot Platforms Inc’s insider transaction history shows a trend with 0 insider purchases and 6 insider sales in the last year.
On the day of the sale, Riot Platforms Inc. shares were trading at $7.7. This valuation gives the company a market capitalization of approximately $2.331 billion. The company’s price-to-earnings ratio is 10.67, which is below the industry median of 18 and the company’s historical median.
According to GF Value, Riot Platforms Inc.’s intrinsic value is estimated at $8.79 per share, making the stock slightly undervalued with a Price to GF Value ratio of 0.88.
The GF value is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, adjusted by a GuruFocus factor that takes into account past earnings and growth as well as analysts’ estimates of future business performance.
This sale by the insider could be of interest to current and potential investors as it provides insight into how insiders view the current valuation and future prospects of the stock.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
