HIVE Digital Technologies (NASDAQ:HIVE) Director Dave Perrill Sells 175,000 Shares

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Dave Perrill sold 175,000 shares of the company’s stock in a transaction dated Friday, June 19th. The stock was sold at an average price of $4.69, for a total transaction of $820,750.00. Following the transaction, the director owned 162,500 shares of the company’s stock, valued at approximately $762,125. This trade represents a 51.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

HIVE Digital Technologies Price Performance

Shares of HIVE Digital Technologies stock traded down $0.27 during mid-day trading on Tuesday, reaching $4.63. 33,058,291 shares of the stock traded hands, compared to its average volume of 18,586,811. The business has a 50-day moving average of $3.36 and a 200 day moving average of $2.83. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.70 and a fifty-two week high of $7.84. The stock has a market capitalization of $1.22 billion, a PE ratio of -8.27 and a beta of 3.74. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.10.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). HIVE Digital Technologies had a negative return on equity of 23.12% and a negative net margin of 49.21%.The firm had revenue of $71.82 million during the quarter, compared to analyst estimates of $79.99 million. On average, analysts predict that HIVE Digital Technologies Ltd. will post -0.74 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Alight Capital Management LP purchased a new position in HIVE Digital Technologies in the third quarter worth approximately $1,310,000. UBS Group AG increased its stake in HIVE Digital Technologies by 3,992.2% during the fourth quarter. UBS Group AG now owns 929,390 shares of the company’s stock worth $2,398,000 after acquiring an additional 906,679 shares during the last quarter. R Squared Ltd purchased a new stake in HIVE Digital Technologies in the third quarter valued at $45,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in HIVE Digital Technologies by 3.5% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,801 shares of the company’s stock valued at $519,000 after purchasing an additional 4,351 shares during the period. Finally, PKS Advisory Services LLC acquired a new position in shares of HIVE Digital Technologies in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HIVE. Keefe, Bruyette & Woods increased 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 research report on Friday, June 5th. B. Riley Financial upped their price objective on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Weiss Ratings downgraded shares of HIVE Digital Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, June 15th. Cantor Fitzgerald set a $7.00 target price on shares of HIVE Digital Technologies in a research note on Thursday, June 4th. Finally, Rosenblatt Securities boosted their target price on HIVE Digital Technologies from $5.00 to $5.50 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.90.

HIVE Digital Technologies News Roundup

Here are the key news stories impacting HIVE Digital Technologies this week:

• Positive Sentiment: HIVE’s recent pivot toward AI and high-performance computing is gaining traction, after the company said its Paraguay GPU infrastructure was validated in a Columbia University study and the research was submitted to NeurIPS. Investors have viewed this as evidence that HIVE’s non-Bitcoin growth strategy may be working. HIVE Digital (HIVE) Stock Soars 22% Following Columbia University AI Performance Validation
• Positive Sentiment: The company also highlighted a successful AI training trial using Paraguay-based GPUs, reinforcing confidence that its infrastructure can support commercial AI workloads and not just crypto mining. HIVE Digital Technologies reports successful AI training trial using Paraguay-based GPUs
• Positive Sentiment: HIVE’s BUZZ HPC unit signed a roughly $220 million three-year commercial contract, which could materially improve revenue visibility if execution continues. Why is HIVE stock soaring today and what comes next?
• Neutral Sentiment: There was also unusually heavy call buying in HIVE options, suggesting traders are betting on continued upside, though this is more of a momentum signal than a fundamental catalyst.
• Negative Sentiment: Director Susan B. McGee disclosed multiple share sales, including a large block sale, which may weigh on sentiment because insider selling can be interpreted cautiously by investors. Susan Mcgee Sells 83,300 Shares of HIVE Digital Technologies (NASDAQ:HIVE) Stock

HIVE Digital Technologies Company Profile

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.