Luke Rossy Sells 66,700 Shares of HIVE Digital Technologies (NASDAQ:HIVE) Stock

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) COO Luke Rossy sold 66,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $4.57, for a total transaction of $304,819.00. Following the sale, 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 document filed with the SEC, which can be accessed through this link.

HIVE Digital Technologies Stock Performance

HIVE traded down $0.60 during trading on Friday, hitting $3.77. The company’s stock had a trading volume of 28,866,079 shares, compared to its average volume of 17,363,441. The company has a quick ratio of 1.74, a current ratio of 1.10 and a debt-to-equity ratio of 0.10. HIVE Digital Technologies Ltd. has a one year low of $1.60 and a one year high of $7.84. The firm has a market cap of $996.98 million, a PE ratio of -6.73 and a beta of 3.74. The business’s 50 day simple moving average is $2.86 and its 200-day simple moving average is $2.76.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The business had revenue of $71.82 million for the quarter, compared to the consensus estimate 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, sell-side analysts predict that HIVE Digital Technologies Ltd. will post -0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HIVE shares. Northland Securities set a $6.00 price objective on HIVE Digital Technologies in a research note on Wednesday, February 18th. B. Riley Financial increased their target price on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday. HC Wainwright restated a “buy” rating and set a $7.00 target price on shares of HIVE Digital Technologies in a research note on Wednesday. UBS Group set a $8.00 price target on shares of HIVE Digital Technologies in a report on Wednesday. Finally, Cantor Fitzgerald set a $7.00 price objective on shares of HIVE Digital Technologies in a research note on Thursday. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, HIVE Digital Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.90.

Institutional Trading of HIVE Digital Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stillwater Private Wealth LLC bought a new stake in shares of HIVE Digital Technologies during the first quarter valued at approximately $38,000. Situational Awareness LP purchased a new position in HIVE Digital Technologies during the first quarter valued at $6,444,000. Empowered Funds LLC bought a new stake in HIVE Digital Technologies in the 1st quarter valued at $1,934,000. CI Investments Inc. increased its holdings in HIVE Digital Technologies by 37.9% in the 1st quarter. CI Investments Inc. now owns 54,429 shares of the company’s stock valued at $103,000 after acquiring an additional 14,964 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in HIVE Digital Technologies by 30.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 205,322 shares of the company’s stock valued at $390,000 after acquiring an additional 47,711 shares during the last quarter. Institutional investors own 24.42% of the company’s stock.

Key HIVE Digital Technologies News

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.