HIVE Digital Technologies Ltd. $HIVE Shares Acquired by Situational Awareness LP

Situational Awareness LP increased its stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 169.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,133,726 shares of the company’s stock after purchasing an additional 5,742,179 shares during the period. HIVE Digital Technologies accounts for about 0.2% of Situational Awareness LP’s holdings, making the stock its 18th biggest position. Situational Awareness LP’s holdings in HIVE Digital Technologies were worth $33,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of HIVE. TD Waterhouse Canada Inc. lifted its position in shares of 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 acquiring an additional 4,877 shares in the last quarter. BTG Pactual Asset Management US LLC acquired a new stake in shares of HIVE Digital Technologies during the 2nd quarter worth about $2,730,000. Headlands Technologies LLC boosted its stake in shares of HIVE Digital Technologies by 12.7% during the 2nd quarter. Headlands Technologies LLC now owns 273,640 shares of the company’s stock worth $996,000 after purchasing an additional 30,916 shares during the last quarter. Verity Asset Management Inc. purchased a new stake in shares of HIVE Digital Technologies during the second quarter worth about $44,000. Finally, Stillwater Private Wealth LLC purchased a new stake in shares of HIVE Digital Technologies during the second quarter worth about $54,000. Hedge funds and other institutional investors own 24.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. HC Wainwright reissued a “buy” rating and issued a $7.00 price objective on shares of HIVE Digital Technologies in a research report on Monday, August 17th. Canaccord Genuity Group restated a “buy” rating and set a $10.00 price objective on shares of HIVE Digital Technologies in a report on Tuesday, August 18th. Cantor Fitzgerald set a $7.00 price target on HIVE Digital Technologies in a report on Thursday, June 4th. Keefe, Bruyette & Woods boosted their target price on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the company a “market perform” rating in a report on Friday, June 5th. Finally, 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. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, HIVE Digital Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $6.95.

HIVE Digital Technologies Trading Up 12.1%

NASDAQ:HIVE opened at $3.05 on Friday. The business’s 50-day moving average is $3.02 and its two-hundred day moving average is $2.91. The firm has a market capitalization of $834.78 million, a PE ratio of -2.36 and a beta of 3.75. HIVE Digital Technologies Ltd. has a 12 month low of $1.73 and a 12 month high of $7.84. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.96 and a quick ratio of 1.96.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its 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 company had revenue of $79.12 million for 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 previous year, the business posted $0.18 earnings per share. Research analysts predict that HIVE Digital Technologies Ltd. will post -0.61 earnings per share for the current fiscal year.

Insider Transactions at HIVE Digital Technologies

In other HIVE Digital Technologies news, COO Luke Rossy sold 215,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $3.97, for a total value of $853,550.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan B. Mcgee sold 125,000 shares of the company’s stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $4.25, for a total transaction of $531,250.00. Following the completion of the transaction, the director directly owned 125,000 shares of the company’s stock, valued at approximately $531,250. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 698,300 shares of company stock valued at $2,830,742. Corporate insiders own 9.44% of the company’s stock.

About HIVE Digital Technologies

HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.

Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.