Hut 8 (NASDAQ:HUT) Shares Down 1.4% – Here’s Why

Posted by Francis Steltz on Sep 1st, 2026

Hut 8 Corp. (NASDAQ:HUT – Get Free Report)’s stock price fell 1.4% on Tuesday . The company traded as low as $75.31 and last traded at $77.57. 3,652,856 shares were traded during trading, a decline of 24% from the average session volume of 4,824,879 shares. The stock had previously closed at $78.64.

Analyst Ratings Changes

HUT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price target on Hut 8 from $157.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Northland Securities set a $120.00 price objective on shares of Hut 8 in a research note on Thursday, May 7th. B. Riley Financial raised their target price on shares of Hut 8 from $130.00 to $163.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Freedom Capital raised shares of Hut 8 to a “strong-buy” rating in a report on Tuesday, August 18th. Finally, Compass Point set a $195.00 price target on shares of Hut 8 in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hut 8 presently has an average rating of “Buy” and an average target price of $144.89.

Read Our Latest Report on HUT

Hut 8 Trading Down 1.4%

The firm has a 50-day moving average of $98.03 and a two-hundred day moving average of $85.40. The firm has a market capitalization of $9.56 billion, a P/E ratio of -14.23 and a beta of 4.64. The company has a current ratio of 19.35, a quick ratio of 19.35 and a debt-to-equity ratio of 4.22.

Hut 8 (NASDAQ:HUT – Get Free Report) last issued 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). The company had revenue of $74.93 million during the quarter, compared to the consensus estimate of $79.37 million. Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. During the same period in the previous year, the company earned $1.18 EPS. On average, analysts anticipate that Hut 8 Corp. will post -2.85 EPS for the current year.

Insider Buying and Selling at Hut 8

In related news, Director Joseph Flinn sold 30,500 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $116.21, for a total value of $3,544,405.00. Following the sale, the director owned 18,238 shares of the company’s stock, valued at $2,119,437.98. The trade was a 62.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Victor Semah sold 10,000 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the sale, the insider owned 31,378 shares of the company’s stock, valued at $3,922,250. The trade was a 24.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 54,664 shares of company stock worth $6,212,160. 10.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HUT. Amundi lifted its holdings in Hut 8 by 383.1% during the 2nd quarter. Amundi now owns 39,551 shares of the company’s stock worth $4,566,000 after buying an additional 31,364 shares during the period. HighTower Advisors LLC increased its stake in shares of Hut 8 by 183.6% in the second quarter. HighTower Advisors LLC now owns 13,793 shares of the company’s stock valued at $1,592,000 after buying an additional 8,930 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Hut 8 during the second quarter worth about $2,124,000. California State Teachers Retirement System lifted its stake in shares of Hut 8 by 11,436.2% in the second quarter. California State Teachers Retirement System now owns 13,256,088 shares of the company’s stock worth $1,530,349,000 after acquiring an additional 13,141,179 shares during the period. Finally, AlphaGrep UK Ltd acquired a new position in shares of Hut 8 in the second quarter worth approximately $248,000. 31.75% of the stock is owned by institutional investors.

About Hut 8

(Get Free Report)

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.