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Jason Les, CEO of Riot Platforms, Inc. (NASDAQ:RIOT), sold 100,000 shares of common stock on July 21, 2025, for a total of $1.51 million. The sales were executed at prices ranging from $15.00 to $15.245 per share. The transaction comes as RIOT trades near its 52-week high of $15.87, with the stock showing strong momentum, up 40% year-to-date. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value.
Following the transaction, Les directly owns 7,253,244 shares of Riot Platforms. Les also indirectly owns 919,911 shares held in trust by Jason M. Les, as Trustee of The Jason M. Les Trust dated March 8, 2021. The company, currently valued at $5.1 billion, maintains a strong liquidity position with a current ratio of 3.23.
The sales were executed under a Rule 10b5-1 trading plan adopted by Les on September 10, 2024. For deeper insights into insider trading patterns and comprehensive analysis, including 16+ additional ProTips, check out RIOT’s detailed research report on InvestingPro.
In other recent news, Riot Platforms produced 450 bitcoin in June 2025, marking a 12% decrease from the previous month, though this still represents a 76% increase from June 2024. Riot Platforms’ power infrastructure and high-performance computing potential have led BTIG to reiterate a Buy rating with a $22.00 price target. Needham has also raised its price target for Riot Platforms to $15.00, highlighting the Corsicana facility’s attractiveness with its significant power capacity. Meanwhile, Intellistake Technologies Corp. has appointed Mario Casiraghi to its advisory board. Casiraghi brings extensive experience from his roles at SingularityNET Foundation and Singularity Venture Hub, aiming to bridge traditional finance and digital asset markets. These developments reflect ongoing strategic moves and analyst evaluations in the cryptocurrency and technology sectors.
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