Stronghold Digital Mining (NASDAQ:SDIG – Get Free Report) had its price objective upped by research analysts at B. Riley from $5.00 to $6.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. B. Riley’s price objective points to a potential upside of 11.52% from the company’s previous close.
Separately, HC Wainwright reissued a “neutral” rating on shares of Stronghold Digital Mining in a report on Thursday.
Check Out Our Latest Stock Report on SDIG
Stronghold Digital Mining Stock Performance
Insider Transactions at Stronghold Digital Mining
In other news, CEO Gregory A. Beard sold 13,058 shares of Stronghold Digital Mining stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $3.67, for a total transaction of $47,922.86. Following the transaction, the chief executive officer now directly owns 395,057 shares of the company’s stock, valued at approximately $1,449,859.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 21,770 shares of company stock worth $79,746 in the last 90 days. 47.55% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Stronghold Digital Mining
A number of institutional investors have recently bought and sold shares of SDIG. RFG Advisory LLC bought a new position in shares of Stronghold Digital Mining in the second quarter worth about $43,000. Western Wealth Management LLC bought a new stake in shares of Stronghold Digital Mining during the second quarter valued at approximately $59,000. Virtu Financial LLC purchased a new position in shares of Stronghold Digital Mining in the first quarter worth $71,000. XTX Topco Ltd bought a new position in shares of Stronghold Digital Mining during the second quarter worth $130,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Stronghold Digital Mining in the fourth quarter worth about $404,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.
About Stronghold Digital Mining
Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.
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