Hut 8 (NASDAQ:HUT) Director Amy Marie Wilkinson Sells 20,000 Shares

Hut 8 Corp. (NASDAQ:HUT) Director Amy Marie Wilkinson sold 20,000 shares of Hut 8 stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $100.78, for a total value of $2,015,600.00. Following the completion of the transaction, the director owned 262,136 shares of the company’s stock, valued at approximately $26,418,066.08. This trade represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hut 8 Trading Up 6.3%

NASDAQ:HUT opened at $112.54 on Wednesday. The firm has a market cap of $12.67 billion, a PE ratio of -37.51 and a beta of 4.48. The stock has a fifty day moving average price of $74.31 and a 200 day moving average price of $58.33. Hut 8 Corp. has a 12-month low of $14.74 and a 12-month high of $116.45. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12.

Hut 8 (NASDAQ:HUT) last released its earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). The company had revenue of $139.31 million during the quarter, compared to analysts’ expectations of $78.53 million. Hut 8 had a negative net margin of 109.77% and a negative return on equity of 0.35%. Sell-side analysts anticipate that Hut 8 Corp. will post -1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HUT shares. Roth Mkm reaffirmed a “buy” rating and set a $80.00 price target on shares of Hut 8 in a report on Tuesday, January 27th. Wall Street Zen downgraded Hut 8 from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Canaccord Genuity Group lifted their price target on Hut 8 from $70.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. B. Riley Financial lifted their price target on Hut 8 from $76.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Cantor Fitzgerald lifted their price target on Hut 8 from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Hut 8 currently has a consensus rating of “Moderate Buy” and an average target price of $107.72.

Institutional Trading of Hut 8

A number of institutional investors have recently bought and sold shares of HUT. Nisa Investment Advisors LLC increased its position in Hut 8 by 1.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 15,969 shares of the company’s stock valued at $734,000 after acquiring an additional 254 shares during the period. CWM LLC increased its position in Hut 8 by 37.4% in the 4th quarter. CWM LLC now owns 1,106 shares of the company’s stock valued at $51,000 after acquiring an additional 301 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Hut 8 by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,500 shares of the company’s stock valued at $331,000 after acquiring an additional 321 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hut 8 by 1.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,685 shares of the company’s stock valued at $996,000 after acquiring an additional 362 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in Hut 8 by 4.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,992 shares of the company’s stock valued at $413,000 after acquiring an additional 388 shares during the period. 31.75% of the stock is 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.