Hut 8 Corp. $HUT Shares Sold by Paradiem LLC

Paradiem LLC cut its stake in shares of Hut 8 Corp. (NASDAQ:HUT) by 60.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,542 shares of the company’s stock after selling 28,905 shares during the quarter. Paradiem LLC’s holdings in Hut 8 were worth $852,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HUT. Vanguard Group Inc. grew its stake in Hut 8 by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,728,037 shares of the company’s stock worth $269,013,000 after buying an additional 140,248 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Hut 8 by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,991,466 shares of the company’s stock worth $104,133,000 after acquiring an additional 504,652 shares during the period. Geode Capital Management LLC increased its holdings in shares of Hut 8 by 13.7% in the 2nd quarter. Geode Capital Management LLC now owns 2,563,091 shares of the company’s stock worth $47,679,000 after acquiring an additional 309,113 shares during the period. Value Aligned Research Advisors LLC boosted its stake in Hut 8 by 110.2% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 1,948,995 shares of the company’s stock valued at $67,845,000 after purchasing an additional 1,021,955 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Hut 8 by 45.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,555,800 shares of the company’s stock worth $54,156,000 after purchasing an additional 486,721 shares during the last quarter. Institutional investors own 31.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. HC Wainwright reiterated a “buy” rating and set a $80.00 price objective on shares of Hut 8 in a research report on Thursday, February 26th. Wall Street Zen downgraded Hut 8 from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. B. Riley Financial increased their price target on Hut 8 from $61.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Roth Mkm restated a “buy” rating and set a $80.00 price objective on shares of Hut 8 in a research note on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Hut 8 from $55.00 to $75.00 and gave the company a “moderate buy” rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.56.

Insider Activity

In related news, insider Victor Semah sold 5,498 shares of Hut 8 stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $49.05, for a total transaction of $269,676.90. Following the transaction, the insider directly owned 24,796 shares of the company’s stock, valued at $1,216,243.80. The trade was a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sean Joseph Glennan sold 4,625 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $226,856.25. Following the completion of the sale, the chief financial officer directly owned 12,068 shares of the company’s stock, valued at $591,935.40. The trade was a 27.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 11.20% of the company’s stock.

Hut 8 Stock Performance

Shares of NASDAQ HUT opened at $50.14 on Friday. Hut 8 Corp. has a 1 year low of $10.04 and a 1 year high of $66.07. The firm has a market cap of $5.56 billion, a P/E ratio of -21.61 and a beta of 4.42. The stock has a fifty day moving average price of $54.64 and a two-hundred day moving average price of $46.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.09 and a current ratio of 1.09.

Hut 8 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.