HIVE Digital Technologies (NASDAQ:HIVE) Director Susan Mcgee Sells 125,000 Shares

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Susan Mcgee sold 125,000 shares of the stock in a transaction dated Friday, June 19th. The stock was sold at an average price of $4.25, for a total value of $531,250.00. Following the completion of the sale, the director directly owned 125,000 shares of the company’s stock, valued at approximately $531,250. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

HIVE Digital Technologies Trading Up 15.0%

NASDAQ:HIVE opened at $4.90 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.10 and a quick ratio of 1.10. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.60 and a fifty-two week high of $7.84. The stock’s 50-day moving average is $3.36 and its two-hundred day moving average is $2.83. The stock has a market cap of $1.30 billion, a PE ratio of -8.75 and a beta of 3.74.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its earnings results on Tuesday, June 2nd. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The business had revenue of $71.82 million during the quarter, compared to analyst estimates of $79.99 million. HIVE Digital Technologies had a negative net margin of 49.21% and a negative return on equity of 23.12%. As a group, equities research analysts forecast that HIVE Digital Technologies Ltd. will post -0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on HIVE. UBS Group set a $8.00 target price on shares of HIVE Digital Technologies in a research note on Wednesday, June 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a research note on Friday, June 5th. Weiss Ratings lowered HIVE Digital Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, June 15th. Cantor Fitzgerald set a $7.00 price objective on HIVE Digital Technologies in a research report on Thursday, June 4th. Finally, B. Riley Financial lifted their price objective on HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.90.

Hedge Funds Weigh In On HIVE Digital Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP bought a new stake in HIVE Digital Technologies in the third quarter worth approximately $17,584,000. Renaissance Technologies LLC bought a new position in shares of HIVE Digital Technologies during the 4th quarter valued at $10,914,000. Situational Awareness LP acquired a new stake in shares of HIVE Digital Technologies in the 1st quarter valued at $6,444,000. Millennium Management LLC lifted its stake in shares of HIVE Digital Technologies by 58.1% in the 4th quarter. Millennium Management LLC now owns 6,900,828 shares of the company’s stock valued at $17,804,000 after purchasing an additional 2,536,135 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in HIVE Digital Technologies by 53.0% in the second quarter. Vident Advisory LLC now owns 3,766,446 shares of the company’s stock worth $6,780,000 after purchasing an additional 1,305,057 shares in the last quarter. Institutional investors own 24.42% of the company’s stock.

More HIVE Digital Technologies News

Here are the key news stories impacting HIVE Digital Technologies this week:

• Positive Sentiment: Columbia University research validated HIVE’s Paraguay AI infrastructure, helping confirm the performance of its GPU setup and boosting confidence in its AI/HPC pivot. HIVE Digital (HIVE) Stock Soars 22% Following Columbia University AI Performance Validation
• Positive Sentiment: HIVE said its Paraguay GPU-based AI research project was successfully completed and submitted to NeurIPS, signaling technical credibility in a high-profile machine learning venue. HIVE Digital Technologies reports successful AI training trial using Paraguay-based GPUs
• Positive Sentiment: Investors are also responding to HIVE’s recent pivot toward AI and high-performance computing, including BUZZ HPC’s three-year contract worth about $220 million, which could support future revenue growth. Why is HIVE stock soaring today and what comes next?
• Neutral Sentiment: Options activity jumped sharply, with heavy call buying suggesting traders are positioning for further upside, though this is more a momentum signal than a fundamental update.
• Negative Sentiment: Director Susan B. McGee disclosed multiple share sales, which can sometimes pressure sentiment because insider selling may be viewed cautiously by investors.

HIVE Digital Technologies Company 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.