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

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Dave Perrill sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $2.72, for a total transaction of $272,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were sold at an average price of $4.69, for a total value of $820,750.00.

HIVE Digital Technologies Trading Up 11.0%

Shares of HIVE Digital Technologies stock opened at $3.13 on Friday. HIVE Digital Technologies Ltd. has a 1 year low of $1.73 and a 1 year high of $7.84. The company’s fifty day simple moving average is $3.28 and its 200-day simple moving average is $2.86. The company has a market cap of $858.50 million, a price-to-earnings ratio of -2.43 and a beta of 3.78. 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 (NASDAQ:HIVE) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.33). HIVE Digital Technologies had a negative net margin of 98.49% and a negative return on equity of 31.98%. The firm had revenue of $79.12 million for the quarter, compared to the consensus estimate of $81.72 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. As a group, sell-side analysts expect that HIVE Digital Technologies Ltd. will post -0.61 EPS for the current year.

Institutional Trading of HIVE Digital Technologies

Hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP bought a new position in shares of HIVE Digital Technologies during the 3rd quarter worth approximately $17,584,000. Renaissance Technologies LLC acquired a new stake in shares of HIVE Digital Technologies in the fourth quarter valued at approximately $10,914,000. Situational Awareness LP bought a new stake in shares of HIVE Digital Technologies in the first quarter worth $6,444,000. Millennium Management LLC lifted its position in shares of HIVE Digital Technologies by 58.1% in the fourth quarter. Millennium Management LLC now owns 6,900,828 shares of the company’s stock worth $17,804,000 after purchasing an additional 2,536,135 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in HIVE Digital Technologies by 53.0% during the second quarter. Vident Advisory LLC now owns 3,766,446 shares of the company’s stock worth $6,780,000 after purchasing an additional 1,305,057 shares during the last quarter. Institutional investors and hedge funds own 24.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HIVE shares. Keefe, Bruyette & Woods upped their target price on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, June 5th. B. Riley Financial raised their price target on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Wall Street Zen cut shares of HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Rosenblatt Securities upped their price objective on HIVE Digital Technologies from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Cantor Fitzgerald set a $7.00 price objective on HIVE Digital Technologies in a research report on Thursday, June 4th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Key Headlines Impacting HIVE Digital Technologies

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

• Positive Sentiment: Rosenblatt raised its price target to $6.00 from $5.50 and upgraded its view to Buy. The new target implies substantial upside and is likely the most immediate positive catalyst for HIVE shares. Benzinga analyst update
• Positive Sentiment: Analysts are becoming less pessimistic about HIVE’s future profitability. Northland Securities reduced its projected FY2027 loss to $0.58 per share from $0.72 and improved its estimates for each reported quarter. HC Wainwright forecasts a FY2027 loss of $0.50 and maintains a Buy rating with a $7 target. These revisions suggest expectations for operating improvement.
• Positive Sentiment: HIVE’s AI and GPU-cloud strategy is broadening its growth story beyond cryptocurrency mining. Coverage highlights an approximately $350 million, five-year AI cloud opportunity, including roughly $70 million in annual recurring revenue as capacity ramps. Investors may view this as a potential source of more predictable revenue and stronger long-term valuation. HIVE AI cloud deal coverage
• Neutral Sentiment: Analyst support remains broadly favorable but not unanimous. Canaccord Genuity reiterated Buy, while consensus coverage is characterized as Moderate Buy. However, the range of price targets and the company’s dependence on successful AI infrastructure execution indicate meaningful uncertainty.
• Negative Sentiment: Director Dave Perrill sold 100,000 HIVE shares for approximately $272,000 at an average price of $2.72. The filing follows a larger insider sale earlier in the year and may weigh on investor sentiment, although insider transactions do not necessarily indicate the company’s outlook.
• Negative Sentiment: HIVE remains unprofitable. Its latest quarterly loss of $0.54 per share was substantially wider than the $0.21 analyst consensus, while revenue of $79.1 million fell short of expectations. Analysts still forecast a loss for the current fiscal year, leaving the stock highly sensitive to cryptocurrency prices and the execution of its AI-cloud expansion.

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.