HIVE Digital Technologies (NASDAQ:HIVE) Director Dave Perrill Sells 100,000 Shares

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Dave Perrill sold 100,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $2.72, for a total transaction of $272,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Dave Perrill also recently made the following trade(s):

• On Friday, June 19th, Dave Perrill sold 175,000 shares of HIVE Digital Technologies stock. The stock was sold at an average price of $4.69, for a total transaction of $820,750.00.

HIVE Digital Technologies Trading Up 1.4%

Shares of NASDAQ:HIVE traded up $0.04 on Wednesday, reaching $2.82. 38,145,179 shares of the company traded hands, compared to its average volume of 20,267,916. The stock has a market capitalization of $773.47 million, a P/E ratio of -2.19 and a beta of 3.78. The business’s 50-day simple moving average is $3.29 and its 200 day simple moving average is $2.86. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. HIVE Digital Technologies Ltd. has a 52 week low of $1.73 and a 52 week high of $7.84.

HIVE Digital Technologies (NASDAQ:HIVE) last released its earnings results on Friday, August 14th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.33). The company had revenue of $79.12 million during the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.18 EPS. As a group, equities analysts anticipate that HIVE Digital Technologies Ltd. will post -0.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HIVE. Cantor Fitzgerald set a $7.00 price target on HIVE Digital Technologies in a research note on Thursday, June 4th. HC Wainwright reissued a “buy” rating and set a $7.00 price objective on shares of HIVE Digital Technologies in a research note on Monday. 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. Keefe, Bruyette & Woods raised their price objective on 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. Finally, B. Riley Financial lifted their price objective on HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.95.

Key HIVE Digital Technologies News

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

• Positive Sentiment: HIVE announced a potential $350 million AI cloud opportunity, representing approximately $70 million in annual recurring revenue under a five-year arrangement. The deal could materially improve revenue visibility and strengthen the company’s positioning in the AI infrastructure market. A $350 million reason to buy HIVE Digital Technologies stock
• Positive Sentiment: Management is targeting $200 million in AI cloud annual recurring revenue, with Bitcoin-mining cash flow helping fund GPU capacity and expansion. Investors view the strategy as a possible catalyst for diversifying HIVE beyond volatile Bitcoin mining. HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
• Positive Sentiment: Analyst sentiment remains supportive. HC Wainwright maintained a Buy rating and a $7 price target while raising its projected 2027 quarterly EPS estimates, and Canaccord Genuity reaffirmed its Buy rating with a $10 target. These revisions suggest analysts expect improving results as AI contracts ramp. Chardan Capital Reiterates Buy Rating for HIVE Digital Technologies
• Neutral Sentiment: Unusually high options activity and a test of the $3 technical resistance level indicate elevated speculative interest, but options positioning does not establish a clear long-term direction. HIVE Digital Technologies Target of Unusually High Options Trading
• Negative Sentiment: Execution and profitability remain key risks. HIVE recently reported a wider-than-expected quarterly loss and revenue below consensus, while its AI strategy requires substantial investment in GPUs and data-center capacity. Shares also traded lower in premarket trading as investors digested the deal and broader market weakness. HIVE Digital Stock Tests $3 Resistance

Institutional Trading of HIVE Digital Technologies

A number of institutional investors have recently made changes to their positions in HIVE. NewEdge Advisors LLC grew its stake in shares of HIVE Digital Technologies by 1,885.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock worth $26,000 after acquiring an additional 9,429 shares during the period. Private Advisor Group LLC purchased a new stake in HIVE Digital Technologies in the first quarter worth approximately $27,000. Ground Swell Capital LLC purchased a new stake in HIVE Digital Technologies in the fourth quarter worth approximately $27,000. Rafferty Asset Management LLC purchased a new stake in HIVE Digital Technologies during the 4th quarter valued at $28,000. Finally, State of Wyoming purchased a new stake in HIVE Digital Technologies during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 24.42% 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.