Feynman Point Asset Management LLC Sells 19,500 Shares of Hut 8 Corp. $HUT

Feynman Point Asset Management LLC lowered its position in shares of Hut 8 Corp. (NASDAQ:HUT) by 43.8% during the first quarter, Holdings Channel reports. The firm owned 25,000 shares of the company’s stock after selling 19,500 shares during the quarter. Hut 8 makes up about 1.4% of Feynman Point Asset Management LLC’s portfolio, making the stock its 10th largest holding. Feynman Point Asset Management LLC’s holdings in Hut 8 were worth $1,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HUT. Northwestern Mutual Wealth Management Co. increased its position in Hut 8 by 4,669,387.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock worth $186,629,000 after buying an additional 4,062,367 shares during the period. Handelsbanken Fonder AB acquired a new stake in shares of Hut 8 in the fourth quarter valued at approximately $1,153,000. Steadview Capital Management LLC boosted its holdings in shares of Hut 8 by 1,425.3% in the fourth quarter. Steadview Capital Management LLC now owns 431,655 shares of the company’s stock valued at $19,830,000 after acquiring an additional 403,355 shares during the period. GeoSphere Capital Management LLC grew its position in shares of Hut 8 by 64.3% during the fourth quarter. GeoSphere Capital Management LLC now owns 115,000 shares of the company’s stock worth $5,283,000 after acquiring an additional 45,000 shares during the last quarter. Finally, Troluce Capital Advisors LLC purchased a new position in shares of Hut 8 during the first quarter worth approximately $7,036,000. 31.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Joseph Flinn sold 7,719 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $117.91, for a total transaction of $910,147.29. Following the transaction, the director directly owned 10,519 shares of the company’s stock, valued at $1,240,295.29. This represents a 42.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Victor Semah sold 10,000 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the insider owned 31,378 shares of the company’s stock, valued at $3,922,250. This represents a 24.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 112,724 shares of company stock worth $12,184,340 in the last ninety days. 10.40% of the stock is owned by insiders.

Hut 8 Stock Performance

Shares of HUT stock opened at $101.14 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $111.92 and a 200-day simple moving average of $80.09. The company has a market cap of $11.39 billion, a price-to-earnings ratio of -33.71 and a beta of 4.62. Hut 8 Corp. has a 12-month low of $18.68 and a 12-month high of $140.80.

Hut 8 (NASDAQ:HUT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). Hut 8 had a negative net margin of 109.77% and a negative return on equity of 0.35%. The business had revenue of $139.31 million during the quarter, compared to analysts’ expectations of $78.53 million. On average, equities analysts forecast that Hut 8 Corp. will post -2.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HUT. Keefe, Bruyette & Woods upped their price target on shares of Hut 8 from $138.00 to $157.00 and gave the company an “outperform” rating in a research report on Tuesday. Northland Securities set a $120.00 price objective on shares of Hut 8 in a research report on Thursday, May 7th. Compass Point set a $195.00 price objective on shares of Hut 8 in a research note on Wednesday, July 22nd. Benchmark upped their target price on shares of Hut 8 from $165.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Hut 8 in a report on Thursday, May 14th. They issued a “buy” rating and a $156.00 target price for the company. Eighteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Key Headlines Impacting Hut 8

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $157 from $138 and upgraded Hut 8 to “outperform.” The new target implies substantial upside and reflects increased confidence in the company’s growth prospects. Benzinga analyst upgrade
• Positive Sentiment: Nvidia was reportedly identified as the mystery tenant behind Hut 8’s proposed $50 billion Texas data center. If confirmed, the connection could materially strengthen Hut 8’s artificial-intelligence infrastructure strategy, improve the credibility of the project and support long-term revenue expectations. Nvidia reportedly linked to Hut 8 Texas data center
• Neutral Sentiment: Hut 8 was included among leveraged cryptocurrency and AI-infrastructure stocks that performed strongly recently, highlighting continued investor interest in the themes driving the shares. However, the article does not provide a company-specific catalyst. Best-performing leveraged ETFs
• Negative Sentiment: Zacks expects Hut 8’s second-quarter earnings to decline and sees limited evidence of a likely earnings beat. That outlook may weigh on the stock ahead of the company’s report, particularly after Hut 8’s latest quarter produced a larger-than-expected loss despite revenue exceeding estimates. Hut 8 Q2 earnings preview
• Negative Sentiment: Maxim Group’s estimates point to persistent and widening losses. The firm forecasts a $3.69-per-share loss for fiscal 2026, $14.81 for fiscal 2027 and $28.97 for fiscal 2028, versus the current full-year consensus loss of $2.12. These projections reinforce concerns about profitability, execution and the significant valuation risk attached to HUT.

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.