Hut 8 Corp. (NASDAQ:HUT – Get Free Report) CFO Sean Joseph Glennan sold 6,445 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $78.76, for a total transaction of $507,608.20. Following the completion of the transaction, the chief financial officer directly owned 17,978 shares of the company’s stock, valued at approximately $1,415,947.28. This represents a 26.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Hut 8 Price Performance
Shares of NASDAQ:HUT opened at $85.00 on Thursday. Hut 8 Corp. has a twelve month low of $24.20 and a twelve month high of $140.80. The company’s 50 day moving average is $100.52 and its 200 day moving average is $84.83. The company has a current ratio of 19.35, a quick ratio of 19.35 and a debt-to-equity ratio of 4.22. The company has a market cap of $10.48 billion, a PE ratio of -15.60 and a beta of 4.64.
Hut 8 (NASDAQ:HUT – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.72). Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. The business had revenue of $72.66 million during the quarter, compared to analysts’ expectations of $79.37 million. During the same period last year, the company earned $1.18 earnings per share. On average, sell-side analysts forecast that Hut 8 Corp. will post -2.85 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Research Report on HUT
Institutional Trading of Hut 8
Several institutional investors and hedge funds have recently bought and sold shares of HUT. Arlington Trust Co LLC increased its position in shares of Hut 8 by 175.0% during the second quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock valued at $32,000 after acquiring an additional 175 shares during the last quarter. Imprint Wealth LLC acquired a new position in shares of Hut 8 in the 4th quarter worth approximately $38,000. Russell Investments Group Ltd. boosted its position in shares of Hut 8 by 235.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock worth $46,000 after purchasing an additional 1,719 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of Hut 8 during the 1st quarter worth approximately $47,000. Finally, Activest Wealth Management acquired a new stake in Hut 8 in the 4th quarter valued at approximately $49,000. 31.75% of the stock is currently owned by hedge funds and other institutional investors.
Hut 8 Company Profile
Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.
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