HIVE Digital Technologies (NASDAQ:HIVE) Director Dave Perrill Sells 12,500 Shares of Company Stock

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Dave Perrill sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $2.75, for a total transaction of $34,375.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 shares were sold at an average price of $2.72, for a total value of $272,000.00.

HIVE Digital Technologies Trading Down 6.9%

Shares of HIVE Digital Technologies stock opened at $2.56 on Friday. The firm has a market capitalization of $703.41 million, a price-to-earnings ratio of -1.98 and a beta of 3.76. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.73 and a fifty-two week high of $7.84. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a 50 day moving average of $2.95 and a 200 day moving average of $3.07.

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

Wall Street Analysts Forecast Growth

HIVE has been the subject of several research analyst reports. Weiss Ratings raised shares of HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a research note on Tuesday, August 18th. HC Wainwright restated a “buy” rating and issued a $7.00 price objective on shares of HIVE Digital Technologies in a report on Monday, August 17th. Chardan Capital reiterated a “buy” rating and issued a $7.50 target price on shares of HIVE Digital Technologies in a report on Wednesday, September 16th. Finally, Wall Street Zen lowered HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, HIVE Digital Technologies currently has an average rating of “Moderate Buy” and an average price target of $6.95.

Institutional Trading of HIVE Digital Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TD Waterhouse Canada Inc. boosted its position in HIVE Digital Technologies by 35.9% in the 2nd 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 during the period. Caitong International Asset Management Co. Ltd increased its position in shares of HIVE Digital Technologies by 98.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,996 shares of the company’s stock worth $36,000 after acquiring an additional 6,956 shares during the period. Verity Asset Management Inc. acquired a new stake in shares of HIVE Digital Technologies in the second quarter valued at $44,000. Private Advisor Group LLC acquired a new stake in shares of HIVE Digital Technologies in the first quarter valued at $27,000. Finally, CI Investments Inc. boosted its holdings in HIVE Digital Technologies by 37.9% in the first quarter. CI Investments Inc. now owns 54,429 shares of the company’s stock valued at $103,000 after purchasing an additional 14,964 shares during the period. 24.42% of the stock is currently owned by hedge funds and other institutional investors.

About HIVE Digital Technologies

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.