3,391,547 Shares in HIVE Digital Technologies Ltd. $HIVE Purchased by Situational Awareness LP

Situational Awareness LP acquired a new position in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,391,547 shares of the company’s stock, valued at approximately $6,444,000. HIVE Digital Technologies makes up approximately 0.0% of Situational Awareness LP’s holdings, making the stock its 18th largest position.

Several other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC raised its position in shares of HIVE Digital Technologies by 58.1% in the 4th quarter. Millennium Management LLC now owns 6,900,828 shares of the company’s stock valued at $17,804,000 after buying an additional 2,536,135 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of HIVE Digital Technologies by 29.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,187,363 shares of the company’s stock worth $13,383,000 after acquiring an additional 1,193,991 shares in the last quarter. Tidal Investments LLC increased its stake in HIVE Digital Technologies by 15.4% in the third quarter. Tidal Investments LLC now owns 4,771,312 shares of the company’s stock valued at $19,228,000 after acquiring an additional 637,679 shares during the last quarter. Two Sigma Investments LP bought a new position in HIVE Digital Technologies in the third quarter valued at approximately $17,584,000. Finally, Vident Advisory LLC raised its position in HIVE Digital Technologies by 33.6% during the fourth quarter. Vident Advisory LLC now owns 4,327,141 shares of the company’s stock valued at $11,164,000 after purchasing an additional 1,087,224 shares in the last quarter. 24.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

HIVE has been the subject of several recent analyst reports. Rosenblatt Securities upped their target price on HIVE Digital Technologies from $5.00 to $5.50 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. HC Wainwright reiterated a “buy” rating and issued a $7.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday, June 3rd. Cantor Fitzgerald set a $7.00 price target on HIVE Digital Technologies in a report on Thursday, June 4th. Chardan Capital began coverage on HIVE Digital Technologies in a research report on Monday. They set a “buy” rating and a $7.50 price objective for the company. Finally, B. Riley Financial raised 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 research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.95.

Insider Activity

In related news, COO Luke Rossy sold 215,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $3.97, for a total transaction of $853,550.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dave Perrill sold 175,000 shares of the firm’s stock in a transaction on Friday, June 19th. The shares were sold at an average price of $4.69, for a total value of $820,750.00. Following the sale, the director directly owned 162,500 shares in the company, valued at approximately $762,125. This trade represents a 51.85% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 681,700 shares of company stock worth $2,937,876.

HIVE Digital Technologies Price Performance

Shares of NASDAQ:HIVE opened at $2.84 on Wednesday. HIVE Digital Technologies Ltd. has a one year low of $1.73 and a one year high of $7.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $751.04 million, a price-to-earnings ratio of -5.07 and a beta of 3.77. The firm has a 50 day simple moving average of $3.73 and a 200 day simple moving average of $2.91.

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

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.