Insider Selling: HIVE Digital Technologies (NASDAQ:HIVE) Director Sells $34,375.00 in Stock

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Dave Perrill sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $2.75, for a total value of $34,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dave Perrill also recently made the following trade(s):

• On Wednesday, August 19th, Dave Perrill sold 100,000 shares of HIVE Digital Technologies stock. The stock was sold at an average price of $2.72, for a total value of $272,000.00.

HIVE Digital Technologies Trading Down 6.9%

HIVE Digital Technologies stock traded down $0.19 during trading hours on Thursday, reaching $2.56. 10,574,595 shares of the company’s stock traded hands, compared to its average volume of 18,606,260. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.96 and a current ratio of 1.96. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.73 and a fifty-two week high of $7.84. The firm has a market capitalization of $703.41 million, a price-to-earnings ratio of -1.98 and a beta of 3.76. The firm’s 50 day moving average is $2.96 and its 200-day moving average is $3.06.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.33). The business had revenue of $79.12 million for the quarter, compared to analyst estimates of $81.72 million. HIVE Digital Technologies had a negative return on equity of 31.98% and a negative net margin of 98.49%.During the same quarter in the prior year, the firm earned $0.18 EPS. On average, analysts predict that HIVE Digital Technologies Ltd. will post -0.61 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on HIVE. Chardan Capital reissued a “buy” rating and issued a $7.50 price target on shares of HIVE Digital Technologies in a research note on Wednesday, September 16th. Weiss Ratings raised HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 14th. Rosenblatt Securities upped their price objective on HIVE Digital Technologies from $5.50 to $6.00 and gave the company a “buy” rating in a report on Thursday, August 20th. HC Wainwright reissued a “buy” rating and issued a $7.00 target price on shares of HIVE Digital Technologies in a research note on Monday, August 17th. Finally, Wall Street Zen cut HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Verity Asset Management Inc. acquired a new stake in shares of HIVE Digital Technologies during the second quarter worth about $44,000. Caitong International Asset Management Co. Ltd grew its position in shares of HIVE Digital Technologies by 98.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,996 shares of the company’s stock valued at $36,000 after purchasing an additional 6,956 shares during the period. Private Advisor Group LLC acquired a new stake in HIVE Digital Technologies during the 1st quarter worth approximately $27,000. Heck Capital Advisors LLC acquired a new stake in HIVE Digital Technologies during the 2nd quarter worth approximately $67,000. Finally, TD Waterhouse Canada Inc. lifted its stake in HIVE Digital Technologies by 35.9% in the second quarter. TD Waterhouse Canada Inc. now owns 18,476 shares of the company’s stock valued at $64,000 after buying an additional 4,877 shares in the last quarter. 24.42% of the stock is owned by institutional investors and hedge funds.

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd. is a digital-asset and data-center infrastructure company focused primarily on the mining of Bitcoin. The company operates specialized computing facilities designed to support energy-intensive digital-asset mining and has also been developing capabilities for high-performance computing and artificial-intelligence applications.

HIVE was founded in 2017 and was formerly known as HIVE Blockchain Technologies Ltd. Its operations have historically included data centers in Canada, Sweden and Iceland, and the company has expanded its infrastructure footprint internationally, including through development activities in Paraguay.