HIVE Digital Technologies (NASDAQ:HIVE) COO Sells $304,819.00 in Stock

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) COO Luke Rossy sold 66,700 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $4.57, for a total value of $304,819.00. Following the completion of the transaction, the chief operating officer owned 215,000 shares of the company’s stock, valued at $982,550. This trade represents a 23.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

HIVE Digital Technologies Stock Performance

Shares of HIVE opened at $3.77 on Monday. The stock has a fifty day moving average of $2.90 and a two-hundred day moving average of $2.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $996.98 million, a PE ratio of -6.73 and a beta of 3.74. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.60 and a fifty-two week high of $7.84.

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

Institutional Trading of HIVE Digital Technologies

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in HIVE Digital Technologies by 1,885.8% in the 4th quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock valued at $26,000 after purchasing an additional 9,429 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in HIVE Digital Technologies in the 4th quarter valued at $27,000. Private Advisor Group LLC acquired a new stake in HIVE Digital Technologies in the 1st quarter valued at $27,000. Rafferty Asset Management LLC acquired a new stake in HIVE Digital Technologies in the 4th quarter valued at $28,000. Finally, State of Wyoming acquired a new stake in HIVE Digital Technologies in the 4th quarter valued at $28,000. 24.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HIVE shares. B. Riley Financial upped their price objective on HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday. New Street Research set a $5.00 price objective on HIVE Digital Technologies in a report on Thursday, February 19th. HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of HIVE Digital Technologies in a report on Wednesday, June 3rd. Cantor Fitzgerald set a $7.00 price objective on HIVE Digital Technologies in a report on Thursday. Finally, Rosenblatt Securities upped their price objective on HIVE Digital Technologies from $5.00 to $5.50 and gave the stock a “buy” rating in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.90.

Key Stories Impacting HIVE Digital Technologies

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

• Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating and set a $10.00 price target, implying significant upside from current levels. Benzinga
• Positive Sentiment: Northland Securities raised several forward EPS estimates, suggesting a slightly improved outlook for HIVE Digital Technologies’ business trajectory. Tickerreport.com
• Positive Sentiment: HC Wainwright also maintained a Buy rating and $7.00 price target, indicating analysts still see value in the shares despite recent losses. MarketBeat
• Neutral Sentiment: Analyst estimates remain negative overall for FY2027, with both Northland and HC Wainwright forecasting losses, though their full-year views vary. MarketBeat
• Negative Sentiment: HC Wainwright cut some near-term earnings estimates, including Q1 and Q2 2027, which points to softer expectations for profitability. MarketBeat
• Negative Sentiment: The company’s recent earnings report missed both EPS and revenue expectations, reinforcing concerns about execution and margins. MarketBeat

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.