HIVE Digital Technologies (NASDAQ:HIVE) Director Sells $74,315.00 in Stock

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Susan Mcgee sold 16,700 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $4.45, for a total value of $74,315.00. Following the completion of the transaction, the director directly owned 208,300 shares of the company’s stock, valued at approximately $926,935. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

HIVE Digital Technologies Stock Performance

NASDAQ HIVE opened at $3.77 on Monday. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.60 and a fifty-two week high of $7.84. The stock has a market cap of $996.98 million, a price-to-earnings ratio of -6.73 and a beta of 3.74. The business has a fifty day moving average of $2.90 and a 200-day moving average of $2.76. 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 released its earnings results on Tuesday, June 2nd. The company reported ($0.28) EPS 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 predict that HIVE Digital Technologies Ltd. will post -0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HIVE Digital Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in HIVE Digital Technologies by 58.1% during the fourth quarter. Millennium Management LLC now owns 6,900,828 shares of the company’s stock valued at $17,804,000 after acquiring an additional 2,536,135 shares during the period. Charles Schwab Investment Management Inc. grew its position in HIVE Digital Technologies by 29.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,187,363 shares of the company’s stock valued at $13,383,000 after acquiring an additional 1,193,991 shares during the period. Tidal Investments LLC grew its position in HIVE Digital Technologies by 15.4% during 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 period. Two Sigma Investments LP purchased a new stake in HIVE Digital Technologies during the third quarter valued at about $17,584,000. Finally, Vident Advisory LLC grew 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 acquiring an additional 1,087,224 shares during the period. Hedge funds and other institutional investors own 24.42% of the company’s stock.

HIVE Digital Technologies News Summary

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

Analyst Ratings Changes

HIVE has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of HIVE Digital Technologies in a research note on Monday, May 11th. Canaccord Genuity Group reiterated a “buy” rating and issued a $10.00 target price on shares of HIVE Digital Technologies in a research note on Friday. HC Wainwright reiterated a “buy” rating and issued a $7.00 target price on shares of HIVE Digital Technologies in a research note on Wednesday, June 3rd. New Street Research set a $5.00 target price on HIVE Digital Technologies in a research note on Thursday, February 19th. Finally, UBS Group set a $8.00 target price on HIVE Digital Technologies in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.90.

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.