HIVE Digital Technologies (NASDAQ:HIVE) COO Sells $853,550.00 in Stock

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) COO Luke Rossy sold 215,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $3.97, for a total value of $853,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 Price Performance

Shares of NASDAQ:HIVE opened at $3.79 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.10. HIVE Digital Technologies Ltd. has a twelve month low of $1.60 and a twelve month high of $7.84. The stock’s 50 day moving average is $3.05 and its 200-day moving average is $2.78. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -6.77 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The firm had revenue of $71.82 million during the quarter, compared to the consensus estimate of $79.99 million. HIVE Digital Technologies had a negative return on equity of 23.12% and a negative net margin of 49.21%. Sell-side analysts forecast that HIVE Digital Technologies Ltd. will post -0.74 EPS for the current fiscal year.

Institutional Trading of HIVE Digital Technologies

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in HIVE Digital Technologies by 1,885.8% during the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock worth $26,000 after purchasing an additional 9,429 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in HIVE Digital Technologies in the 4th quarter valued at about $27,000. Private Advisor Group LLC purchased a new stake in HIVE Digital Technologies in the 1st quarter valued at about $27,000. Rafferty Asset Management LLC bought a new position in shares of HIVE Digital Technologies during the 4th quarter worth approximately $28,000. Finally, State of Wyoming bought a new position in shares of HIVE Digital Technologies during the 4th quarter worth approximately $28,000. Institutional investors own 24.42% of the company’s stock.

Analyst Ratings Changes

HIVE has been the subject of a number of analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $10.00 price objective on shares of HIVE Digital Technologies in a report on Friday, June 5th. Keefe, Bruyette & Woods raised their price target on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the company a “market perform” rating in a research report on Friday, June 5th. HC Wainwright reiterated a “buy” rating and set a $7.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday, June 3rd. UBS Group set a $8.00 price objective on HIVE Digital Technologies in a report on Wednesday, June 3rd. Finally, New Street Research set a $5.00 price objective on HIVE Digital Technologies in a research note on Thursday, February 19th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.90.

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.