Tidal Investments LLC cut its stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE – Free Report) by 28.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,278,659 shares of the company’s stock after selling 1,295,485 shares during the period. Tidal Investments LLC owned about 1.20% of HIVE Digital Technologies worth $11,934,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in HIVE. TD Waterhouse Canada Inc. boosted its stake in shares of HIVE Digital Technologies by 35.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 18,476 shares of the company’s stock valued at $64,000 after buying an additional 4,877 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of HIVE Digital Technologies by 98.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,996 shares of the company’s stock valued at $36,000 after acquiring an additional 6,956 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of HIVE Digital Technologies by 10.9% in the fourth quarter. Captrust Financial Advisors now owns 73,849 shares of the company’s stock worth $191,000 after acquiring an additional 7,271 shares during the last quarter. Invesco Ltd. increased its stake in shares of HIVE Digital Technologies by 6.4% in the second quarter. Invesco Ltd. now owns 152,782 shares of the company’s stock worth $275,000 after acquiring an additional 9,241 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of HIVE Digital Technologies by 1,885.8% during the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock worth $26,000 after acquiring an additional 9,429 shares in the last quarter. Institutional investors and hedge funds own 24.42% of the company’s stock.
HIVE Digital Technologies Stock Up 1.3%
HIVE stock opened at $3.03 on Friday. The firm has a market cap of $829.86 million, a PE ratio of -2.35 and a beta of 3.75. HIVE Digital Technologies Ltd. has a 1 year low of $1.73 and a 1 year high of $7.84. The company has a fifty day simple moving average of $2.96 and a 200 day simple moving average of $2.94. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.85.
Insider Transactions at HIVE Digital Technologies
In related news, Director Dave Perrill sold 175,000 shares of the business’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of $4.69, for a total value of $820,750.00. Following the completion of the sale, the director directly owned 162,500 shares in the company, valued at approximately $762,125. The trade was a 51.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan B. Mcgee sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of $4.25, for a total value of $531,250.00. Following the sale, the director directly owned 125,000 shares of the company’s stock, valued at $531,250. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 483,300 shares of company stock worth $1,977,192. 9.44% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of analysts recently issued reports on HIVE shares. Keefe, Bruyette & Woods lifted their price objective 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. Cantor Fitzgerald set a $7.00 target price on HIVE Digital Technologies in a research report on Thursday, June 4th. Wall Street Zen downgraded HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. HC Wainwright reiterated a “buy” rating and set a $7.00 price target on shares of HIVE Digital Technologies in a report on Monday, August 17th. Finally, Weiss Ratings raised HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 14th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, HIVE Digital Technologies has an average rating of “Moderate Buy” and an average target price of $6.95.
View Our Latest Report on HIVE
HIVE Digital Technologies Profile
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.
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