On March 2, 2023 at 11:17:37 ET an unusually large $25.00K block of Put contracts in SQL Technologies (SKYX) was sold, with a strike price of $2.50 / share, expiring in 141 days (on July 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was ? sigmas above the mean, placing it in the percentile of all recent large trades made in SKYX options.
This trade was first picked up on Fintel’s real time Options Flow tool, where all large block option trades are tracked.
Analyst Price Forecast Suggests 385.71% Upside
As of March 1, 2023, the average one-year price target for SQL Technologies is $15.30. The forecasts range from a low of $15.15 to a high of $15.75. The average price target represents an increase of 385.71% from its latest reported closing price of $3.15.
The projected annual revenue for SQL Technologies is $66MM. The projected annual EPS is $0.10.
What is the Fund Sentiment?
There are 39 funds or institutions reporting positions in SQL Technologies. This is an increase of 5 owner(s) or 14.71% in the last quarter. Average portfolio weight of all funds dedicated to SKYX is 0.01%, a decrease of 7.60%. Total shares owned by institutions increased in the last three months by 28.59% to 4,318K shares. The put/call ratio of SKYX is 0.74, indicating a bullish outlook.
What are large shareholders doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,219K shares representing 1.47% ownership of the company. In it’s prior filing, the firm reported owning 1,202K shares, representing an increase of 1.42%. The firm decreased its portfolio allocation in SKYX by 36.03% over the last quarter.
VEXMX – Vanguard Extended Market Index Fund Investor Shares holds 510K shares representing 0.61% ownership of the company. In it’s prior filing, the firm reported owning 489K shares, representing an increase of 4.03%. The firm decreased its portfolio allocation in SKYX by 31.43% over the last quarter.
Geode Capital Management holds 401K shares representing 0.48% ownership of the company. In it’s prior filing, the firm reported owning 414K shares, representing a decrease of 3.16%. The firm decreased its portfolio allocation in SKYX by 38.75% over the last quarter.
SlateStone Wealth holds 336K shares representing 0.40% ownership of the company. In it’s prior filing, the firm reported owning 313K shares, representing an increase of 7.00%. The firm decreased its portfolio allocation in SKYX by 33.40% over the last quarter.
KOMP – SPDR S&P Kensho New Economies Composite ETF holds 241K shares representing 0.29% ownership of the company.
This article originally appeared on Fintel
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