Soluna (NASDAQ:SLNH) CFO Michael Picchi Buys 100,000 Shares

Posted by Brian Himes on May 22nd, 2026

Soluna Holdings, Inc. (NASDAQ:SLNH – Get Free Report) CFO Michael Picchi bought 100,000 shares of the stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of $1.63 per share, with a total value of $163,000.00. Following the purchase, the chief financial officer owned 1,381,250 shares of the company’s stock, valued at $2,251,437.50. The trade was a 7.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Soluna Stock Performance

Shares of NASDAQ:SLNH traded down $0.04 during trading on Friday, hitting $1.71. 21,154,639 shares of the company traded hands, compared to its average volume of 11,240,728. Soluna Holdings, Inc. has a one year low of $0.42 and a one year high of $5.14. The company has a quick ratio of 1.87, a current ratio of 1.75 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $1.15 and its 200-day moving average is $1.37. The stock has a market capitalization of $269.75 million, a price-to-earnings ratio of -1.05 and a beta of 5.15.

Soluna (NASDAQ:SLNH – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $9.39 million during the quarter. Soluna had a negative net margin of 190.87% and a negative return on equity of 64.80%. As a group, equities analysts predict that Soluna Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Soluna from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

Check Out Our Latest Report on Soluna

Institutional Trading of Soluna

Several institutional investors have recently modified their holdings of the company. OMERS ADMINISTRATION Corp increased its holdings in shares of Soluna by 55.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 107,100 shares of the company’s stock valued at $76,000 after purchasing an additional 38,100 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Soluna by 226.4% during the first quarter. Renaissance Technologies LLC now owns 835,277 shares of the company’s stock worth $590,000 after buying an additional 579,335 shares in the last quarter. Yorkville Advisors Global LP bought a new stake in Soluna during the 1st quarter worth about $237,000. Vident Advisory LLC bought a new stake in shares of Soluna during the 4th quarter worth approximately $67,000. Finally, XTX Topco Ltd raised its holdings in shares of Soluna by 59.3% in the 4th quarter. XTX Topco Ltd now owns 128,294 shares of the company’s stock valued at $150,000 after purchasing an additional 47,781 shares during the period. Institutional investors and hedge funds own 23.19% of the company’s stock.

Soluna Company Profile

(Get Free Report)

Soluna Computing, Inc (NASDAQ: SLNH) is a renewable energy and computing company that develops, constructs and operates utility‐scale wind and solar projects designed to power high-performance computing workloads. By integrating power generation with data processing infrastructure, Soluna targets applications such as cryptocurrency mining, blockchain validation, artificial intelligence training and other cloud‐based or on-premises computing tasks that can flex to available renewable output.

The company manages the full project lifecycle—site selection, permitting, engineering, procurement, construction and operations—with a focus on regions that offer abundant wind or solar resources yet face limitations in grid infrastructure.