Rover Group Experiences Unusually High Option Volume (NASDAQ… – Best Stocks
On Wednesday, some unusual activity took place in the options market at Rover Group, Inc. (NASDAQ: ROVR). Speculators purchased a total of 17, 748 call options to invest in the company. This demonstrates an increase of over 6, 623% compared to the typical volume of 264 call options.
NASDAQ ROVR was first listed on Thursday at $3. 50 per share. The ratio of the company’s earnings to its stock price is 87. 50, and its beta value comes in at 1 . 40. The company currently has a market capitalization of 643. 14 million dollars. The company’s moving average price over the past 50 days will be $4. 42, and the company’s moving average price over the last 200 days is $4. 13. Over the previous twelve months, the share price of Rover Group has fluctuated between $3. 14 and $11. 09, with the latter figure representing its all-time high.
ROVR has recently emerged as a topic of conversation at a wide range of brokerage firms across the country. Morgan Stanley revealed their intention to raise their price objective for Rover Group to $6. 00 in a research note that was released on Tuesday, November 15. The note was published on Tuesday. In a research note published on November 9, DA Davidson lowered their “buy” rating and price objective for Rover Group from $6. 00 to $5. 75. The research note was about the company’s previous rating and cost objective for Rover Team. Four market analysts have given the stock a rating of “hold, ” while four others possess given it a rating of “buy, ” and none of them have given it a rating of “hold. ” According to Bloomberg. com, the most widely held opinion regarding Rover Group is that investors should “moderately buy” the company’s stock and that the price will eventually reach $7. 22.
According to information from other parts of the Rover Group website, Chief Financial Officer Charles Wickers sold 10, 893 shares of the company’s stock on Friday, December 9. The price paid for each stock share was $4. 50 on average, and a total of $49, 018. 50 worth of stock was sold. Following the completion of the transaction, the chief financial officer will have a total of 40, 108 shares in the company, each of which will have a value of $180, 486. One can access a document that provides additional information on the transaction by going to the particular Securities and Exchange Commission (SEC) website. According to reports from all other sources, Chief Executive Officer Aaron Easterly sold 30, 117 shares of Rover Group stock on Friday, December 9. The sale of the stocks resulted in a total of $135, 526. 50 being brought in, with the average price at which each share was sold being $4. 50. Because the transaction was successfully finalized, the chief executive officer now directly owns 3, 297, 247 shares of the company’s stock, which have an associated with $14, 837, 611. fifty. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In addition , on Friday, Dec 9, Chief Financial Official Charles Wickers sold ten, 893 shares of Rover Group stock. The shares were sold on the open market for a total price of $49, 018. 50, which works out to $4. 50 per share when divided by the number of shares offered. As a result of the sale being finalized, the chief financial official now has direct ownership of a total of forty, 108 shares of the organization, which have a combined value of $180, 486. This is the section where you might find the disclosure that is associated with the sale. Company insiders were responsible for the sale of 60, 431 gives of stock during the preceding quarter, which resulted in total revenue of $271, 940. At this time, insiders of the business hold 36. 90% of the currently outstanding shares.
In recent months, the ROVR share market has seen significant participation from various institutional investors, who have been both buyers and sellers associated with ROVR shares. FMR LLC successfully increased its possession in Rover Group during the second quarter by 135. 3%. Following the acquisition of an additional 1, 725, 978 shares during the preceding quarter, FMR LLC now holds a total of 3, 002, 090 shares of the company’s share. These shares have a complete value of $11, 288, 000 because the company’s stock price has increased. The percentage of ownership in Rover Team that State Street Corporation held was raised to 304. 5% during the second quarter of the fiscal year. State Street Corp. now holds 1, 400, 112 stocks, valued at $5, 264, 000, following the purchase of an additional 1, 053, 972 shares during the most recent one fourth. Through the course of the third quarter, SVB Wealth LLC was able to accumulate an additional 102. 4 percent of Rover Group’s total ownership percentage. SVB Wealth LLC now includes a total of 1, 684, 675 shares of the company’s stock, which are worth a combined total of $5, 627, 000 after the company’s stock was increased by 852, 242 shares during the previous quarter through the purchase associated with additional shares. JPMorgan Chase & Co. increased the amount of Rover Group stock owned by 3, 841. 5% over the year’s first three months. Following the acquisition of 750, 277 additional shares during the most recent fiscal quarter, JPMorgan Run after & Co. is now the owner of 769, 808 shares in the company, which have a mixed value of $4, 442, 500. This brings the total number of shares owned by the firm to 769, 808. And lastly, during the first three months of this year, StepStone Group LP increased the number of Rover Group shares it held in its portfolio by 26. 9%. StepStone Group LP right now holds 3, 038, 567 shares of the company’s share following the acquisition of 643, 394 shares during the most recent one fourth. The current market price of one share of StepStone Group LP’s stock is $17, 533, 000. There are a variety of institutional investors, including hedge funds, that collectively hold an overall total of 82. 88% from the company’s shares.
Global online pet care marketplace The Rover Team, Inc. is the company’s name. It connects pet owners with service providers offering daytime services such as dog daycare, dog walking, drop-in visits, grooming, and training, as well as overnight services such as boarding plus in-home pet sitting. Some daytime services include canine daycare, dog walking, drop-in visits, grooming, and training. These daytime services include, but are not limited to, the following examples: The city of Seattle, which is located in the state of Washington, is home to the company’s administrative offices and main headquarters.