HIVE Digital Technologies (NASDAQ:HIVE) Director Susan Mcgee Sells 83,300 Shares

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Susan Mcgee sold 83,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $4.24, for a total value of $353,192.00. Following the sale, the director directly owned 125,000 shares of the company’s stock, valued at $530,000. The trade was a 39.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

HIVE Digital Technologies Trading Up 15.0%

NASDAQ:HIVE opened at $4.90 on Tuesday. HIVE Digital Technologies Ltd. has a 12 month low of $1.60 and a 12 month high of $7.84. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -8.75 and a beta of 3.74. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $3.36 and its 200-day moving average is $2.83.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings data 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 firm had revenue of $71.82 million during the quarter, compared to analyst estimates of $79.99 million. HIVE Digital Technologies had a negative return on equity of 23.12% and a negative net margin of 49.21%. Equities analysts anticipate that HIVE Digital Technologies Ltd. will post -0.74 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on HIVE. B. Riley Financial upped their price target on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Cantor Fitzgerald set a $7.00 price objective on HIVE Digital Technologies in a research note on Thursday, June 4th. Canaccord Genuity Group reissued a “buy” rating and set a $10.00 price objective on shares of HIVE Digital Technologies in a research report on Friday, June 5th. UBS Group set a $8.00 price objective on HIVE Digital Technologies in a research report on Wednesday, June 3rd. Finally, Keefe, Bruyette & Woods increased their target price on HIVE Digital Technologies from $3.00 to $5.00 and gave the company a “market perform” rating in a research note on Friday, June 5th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.90.

HIVE Digital Technologies News Summary

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.

Institutional Trading of HIVE Digital Technologies

Several institutional investors have recently modified their holdings of HIVE. NewEdge Advisors LLC increased its position in shares of HIVE Digital Technologies by 1,885.8% during the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock valued at $26,000 after purchasing an additional 9,429 shares during the period. Ground Swell Capital LLC bought a new position in HIVE Digital Technologies in the fourth quarter worth $27,000. Private Advisor Group LLC bought a new position in HIVE Digital Technologies in the first quarter worth $27,000. Rafferty Asset Management LLC acquired a new stake in HIVE Digital Technologies during the fourth quarter worth $28,000. Finally, State of Wyoming acquired a new stake in HIVE Digital Technologies during the fourth quarter worth $28,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

About HIVE Digital Technologies

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.