Finance

What do Insider Trends Have to Say About Riot Blockchain, Inc. (RIOT)?

Recent insider trends for Riot Blockchain, Inc. (NASDAQ:RIOT) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of RIOT, the data has a lot to say about how the stock might perform going forward.

Institutions own 03.53% of Riot Blockchain, Inc. (RIOT)’s shares. The total value of these holdings, in millions, is $7. Among active positions in the latest quarter, 25 holders increased their positions by a total of 161179 shares, 4 holders decreased the positions by a total of 34287 shares, and 5 holders held their positions. This works out to a net increase in ownership of 126892 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 19 holders initiated new positions by a total of 80968 shares and 2 holders exited their positions by a total of 31399 shares. This nets out to an increase of 49569 shares and is a bullish sign for RIOT.

In the last three months, insiders executed a total of 2 trades. 2 were sells. Insider ownership decreased by a total of 30383 shares, which suggests that RIOT’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 2 buys and 2 sells, and ownership increased by a net of 353617 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Riot Blockchain, Inc. (NASDAQ:RIOT)’s short interest is 1.95 million shares, or 28.33% of the float. This represents a decrease of -19% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that RIOT is a Weak buy, which implies that RIOT is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Riot Blockchain, Inc. (NASDAQ:RIOT) is undervalued.

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