Hut 8 (NASDAQ:HUT) Insider Sells $808,097.94 in Stock

Hut 8 Corp. (NASDAQ:HUT) insider Victor Semah sold 10,518 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $76.83, for a total value of $808,097.94. Following the sale, the insider owned 41,378 shares of the company’s stock, valued at $3,179,071.74. The trade was a 20.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Victor Semah also recently made the following trade(s):

• On Tuesday, March 10th, Victor Semah sold 5,498 shares of Hut 8 stock. The stock was sold at an average price of $49.05, for a total value of $269,676.90.

Hut 8 Stock Up 35.3%

Shares of HUT opened at $108.94 on Thursday. 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 Corp. has a one year low of $12.45 and a one year high of $111.33. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of -46.96 and a beta of 4.48. The stock has a 50 day moving average price of $59.84 and a 200 day moving average price of $52.89.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HUT. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of Hut 8 in a research report on Thursday, February 26th. HC Wainwright reiterated a “buy” rating and set a $80.00 price target on shares of Hut 8 in a research report on Thursday, February 26th. Wall Street Zen cut Hut 8 from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Citigroup reiterated an “outperform” rating on shares of Hut 8 in a research report on Tuesday, April 28th. Finally, BTIG Research boosted their price target on Hut 8 from $90.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Sixteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.06.

Hut 8 News Roundup

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

• Positive Sentiment: Signed a 15?year, triple?net, take?or?pay lease for 352 MW at the Beacon Point (Texas) campus with a high investment?grade tenant — a base?term contract value of $9.8 billion that expands Hut 8’s contracted AI capacity and validates its power?first development model. Beacon Point Lease
• Positive Sentiment: Closed $3.25 billion of fully amortizing, 16.5?year investment?grade senior secured notes (?95% loan?to?cost) to finance the River Bend campus — non?dilutive, non?recourse project financing that de?risks growth and supports delivery of additional AI capacity. Quarterly Results & Financing
• Positive Sentiment: Wall Street responded: BTIG and Piper Sandler raised price targets and reiterated buy/overweight views, signaling analyst conviction after the lease and financing announcements. Analyst Coverage
• Neutral Sentiment: Secured a $200M, 364?day bitcoin?backed credit facility with FalconX at a 7% rate, replacing prior financing and improving short?term liquidity and BTC access. FalconX Facility
• Neutral Sentiment: Q1 results were mixed: the company reported higher revenue (reflecting early commercialization and data?center activity) but showed a quarterly EPS shortfall on certain metrics; investors are focusing on the pipeline and contract backlog rather than near?term EPS. Q1 Results
• Negative Sentiment: Insider sold 10,518 shares under a pre?arranged Rule 10b5?1 plan to cover tax obligations — disclosed selling can be interpreted negatively by some investors even though it was routine/plan?based. Insider Sale Filing

Hedge Funds Weigh In On Hut 8

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in Hut 8 by 9.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,198 shares of the company’s stock worth $436,000 after buying an additional 823 shares during the last quarter. Independent Financial Group LLC acquired a new position in Hut 8 during the first quarter worth $561,000. Fifth Third Bancorp boosted its stake in Hut 8 by 51.9% during the first quarter. Fifth Third Bancorp now owns 3,038 shares of the company’s stock worth $143,000 after buying an additional 1,038 shares during the last quarter. Abel Hall LLC boosted its stake in Hut 8 by 20.4% during the first quarter. Abel Hall LLC now owns 5,681 shares of the company’s stock worth $266,000 after buying an additional 962 shares during the last quarter. Finally, Leonteq Securities AG boosted its stake in Hut 8 by 47.6% during the first quarter. Leonteq Securities AG now owns 8,192 shares of the company’s stock worth $419,000 after buying an additional 2,642 shares during the last quarter. Institutional investors and hedge funds own 31.75% of the company’s stock.

About Hut 8

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.