HIVE Digital Technologies (NASDAQ:HIVE) Director Sells $353,192.00 in Stock

HIVE Digital Technologies Ltd. (NASDAQ:HIVEGet Free Report) Director Susan Mcgee sold 83,300 shares of HIVE Digital Technologies stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $4.24, for a total value of $353,192.00. Following the transaction, the director owned 125,000 shares of the company’s stock, valued at $530,000. The trade was a 39.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

HIVE Digital Technologies Stock Performance

NASDAQ HIVE traded up $0.64 during trading on Monday, reaching $4.90. 71,523,472 shares of the company’s stock were exchanged, compared to its average volume of 18,457,170. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50 day moving average price of $3.30 and a 200-day moving average price of $2.82. The stock has a market capitalization of $1.30 billion, a P/E ratio of -8.75 and a beta of 3.74. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.60 and a fifty-two week high of $7.84.

HIVE Digital Technologies (NASDAQ:HIVEGet Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The business had revenue of $71.82 million during the quarter, compared to analyst estimates of $79.99 million. HIVE Digital Technologies had a negative net margin of 49.21% and a negative return on equity of 23.12%. Sell-side analysts forecast that HIVE Digital Technologies Ltd. will post -0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HIVE Digital Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIVE. Alight Capital Management LP acquired a new stake in shares of HIVE Digital Technologies during the 3rd quarter worth $1,310,000. UBS Group AG lifted its position in HIVE Digital Technologies by 3,992.2% during the fourth quarter. UBS Group AG now owns 929,390 shares of the company’s stock worth $2,398,000 after purchasing an additional 906,679 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in HIVE Digital Technologies by 3.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,801 shares of the company’s stock worth $519,000 after buying an additional 4,351 shares in the last quarter. R Squared Ltd bought a new position in HIVE Digital Technologies in the 3rd quarter valued at about $45,000. Finally, PKS Advisory Services LLC acquired a new position in shares of HIVE Digital Technologies in the 3rd quarter valued at approximately $44,000. 24.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Cantor Fitzgerald set a $7.00 target price on shares of HIVE Digital Technologies in a report on Thursday, June 4th. B. Riley Financial raised their price objective on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings cut HIVE Digital Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, June 15th. Keefe, Bruyette & Woods upped their target price on HIVE Digital Technologies from $3.00 to $5.00 and gave the company a “market perform” rating in a research report on Friday, June 5th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $10.00 target price on shares of HIVE Digital Technologies in a research note on Friday, June 5th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.90.

Check Out Our Latest Stock Analysis on HIVE Digital Technologies

HIVE Digital Technologies Company Profile

(Get Free Report)

HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.

Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.

Further Reading

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