HIVE Digital Technologies Ltd. (NASDAQ:HIVE – Get Free Report) COO Luke Rossy sold 215,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $3.97, for a total value of $853,550.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Luke Rossy also recently made the following trade(s):
- On Wednesday, June 3rd, Luke Rossy sold 66,700 shares of HIVE Digital Technologies stock. The shares were sold at an average price of $4.57, for a total value of $304,819.00.
HIVE Digital Technologies Stock Down 5.6%
HIVE stock traded down $0.22 during mid-day trading on Tuesday, reaching $3.74. The company had a trading volume of 32,194,188 shares, compared to its average volume of 17,514,371. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $989.04 million, a price-to-earnings ratio of -6.68 and a beta of 3.74. The firm has a fifty day simple moving average of $2.94 and a 200 day simple moving average of $2.77. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.60 and a fifty-two week high of $7.84.
Institutional Investors Weigh In On HIVE Digital Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in HIVE. Two Sigma Investments LP acquired a new stake in shares of HIVE Digital Technologies during the 3rd quarter worth about $17,584,000. Renaissance Technologies LLC acquired a new stake in shares of HIVE Digital Technologies during the 4th quarter worth about $10,914,000. Situational Awareness LP acquired a new stake in shares of HIVE Digital Technologies during the 1st quarter worth about $6,444,000. Millennium Management LLC raised its position in shares of HIVE Digital Technologies by 58.1% during the 4th quarter. Millennium Management LLC now owns 6,900,828 shares of the company’s stock worth $17,804,000 after acquiring an additional 2,536,135 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of HIVE Digital Technologies by 53.0% during the 2nd quarter. Vident Advisory LLC now owns 3,766,446 shares of the company’s stock worth $6,780,000 after acquiring an additional 1,305,057 shares in the last quarter. Institutional investors and hedge funds own 24.42% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on HIVE. Weiss Ratings reiterated a “sell (d)” rating on shares of HIVE Digital Technologies in a research note on Monday, May 11th. Keefe, Bruyette & Woods lifted their price target on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a “market perform” rating in a research note on Friday. UBS Group set a $8.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday, June 3rd. Northland Securities set a $6.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday, February 18th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $10.00 target price on shares of HIVE Digital Technologies in a research report on Friday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, HIVE Digital Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $6.90.
View Our Latest Research Report on HIVE
About HIVE Digital Technologies
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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