Riot Blockchain, Inc. (RIOT) Showing Signs Of Heavy Institutional Buying?

Riot Blockchain, Inc. (NASDAQ:RIOT) produced a 42.62% rally since recording the worst price of $1.29. Thanks to the latest 2.79% increase, it now trades at $1.84. Throughout the trading on 01/30/2019, the share price floated between $1.7901 and $1.9201. This company shares are 117.39% off its target price of $4 and the current market capitalization stands at $28.65M. The recent change has given its price a 6.31% lead over SMA 50 and -90% deficit over its 52-week high. The stock witnessed 17.2% gains, -26.98% declines and -75.85% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RIOT’s volatility during a week at 10.35% and during a month it has been found around 9.72%.

Riot Blockchain, Inc. (RIOT) Top Holders

Institutional investors currently hold around $2 million or 9.6% in RIOT stock. Look at its top three institutional owners. Vanguard Group Inc owns $877 thousand in Riot Blockchain, Inc., which represents roughly 3.06% of the company’s market cap and approximately 43.85% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 370,794 shares of the stock are valued at $664 thousand. The third largest holder is Geode Capital Management, Llc, which currently holds $152 thousand worth of this stock and that ownership represents nearly 0.53% of its market capitalization.

Riot Blockchain, Inc. 13F Filings

At the end of September reporting period, 11 institutional holders increased their position in Riot Blockchain, Inc. (NASDAQ:RIOT) by some 327,733 shares, 26 decreased positions by 868,931 and 19 held positions by 72,229. That puts total institutional holdings at 1,268,893 shares, according to SEC filings. The stock grabbed 5 new institutional investments totaling 68,245 shares while 17 institutional investors sold out their entire positions totaling 506,300 shares.

Riot Blockchain, Inc. (NASDAQ:RIOT) Insider Trades

Multiple company employees have indulged in significant insider trading. Riot Blockchain, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President, CEO, Chairman O’Rourke John R. Iii has sold 30,383 shares of Riot Blockchain, Inc. (RIOT) in trading session dated Dec. 29, 2017. These shares are worth $869,258 and were traded at $28.61 each. The SEC filing shows that Honig Barry C performed a purchase of 4,000 shares. The 10% Owner added these shares by way of transaction on Jan. 04, 2017. The company’s shares were assimilated at $4.22 per share worth to an investment of some $16,880 on account of Honig Barry C.

10% Owner, Honig Barry C, purchased 29,815 common shares of Riot Blockchain, Inc. (RIOT) in the open market. In a transaction dated Dec. 01, 2016, the shares were bought at an average price of $5.04, giving away a sum of $150,268. After this purchase, 500,000 common shares of RIOT are directly owned by the insider, with total stake valued at $920,000.

In the transaction dated Oct. 18, 2016, the great number of shares acquired came courtesy the 10% Owner; Honig Barry C added a total of 63,426 shares at an average price of $2.52, amounting to approximately $159,834. The insider now directly owns 452,585 shares worth $832,756.

Riot Blockchain, Inc. (RIOT) Analyst Guide

Not many analysts have released their opinion on Riot Blockchain, Inc. (NASDAQ:RIOT), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.