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 HIVE Digital Technologies stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $4.57, for a total transaction of $304,819.00. Following the transaction, the chief operating officer directly owned 215,000 shares in the company, valued at $982,550. The trade was a 23.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

HIVE Digital Technologies Stock Down 13.7%

HIVE Digital Technologies stock opened at $3.77 on Friday. The company’s 50 day simple moving average is $2.90 and its 200 day simple moving average is $2.77. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.60 and a fifty-two week high of $7.84. The firm has a market capitalization of $996.98 million, a price-to-earnings ratio of -6.73 and a beta of 3.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.10 and a quick ratio of 1.74.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings data 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). HIVE Digital Technologies had a negative return on equity of 23.12% and a negative net margin of 49.21%.The firm had revenue of $71.82 million for the quarter, compared to the consensus estimate of $79.99 million. As a group, sell-side analysts anticipate that HIVE Digital Technologies Ltd. will post -0.74 EPS for the current year.

More 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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Rosenblatt Securities lifted their price objective on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the stock a “buy” rating in a research note on Wednesday. Northland Securities set a $6.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday, February 18th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a research note on Friday. New Street Research set a $5.00 price target on shares of HIVE Digital Technologies in a research note on Thursday, February 19th. Finally, UBS Group set a $8.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday. Six 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. Based on data from MarketBeat, HIVE Digital Technologies presently has an average rating of “Moderate Buy” and an average target price of $6.90.

Institutional Trading of HIVE Digital Technologies

Institutional investors have recently modified their holdings of the company. Bastion Asset Management Inc. bought a new stake in shares of HIVE Digital Technologies in the third quarter valued at about $1,175,000. Alight Capital Management LP bought a new stake in shares of HIVE Digital Technologies in the third quarter valued at about $1,310,000. UBS Group AG lifted its position in shares of HIVE Digital Technologies by 3,992.2% in the fourth quarter. UBS Group AG now owns 929,390 shares of the company’s stock worth $2,398,000 after purchasing an additional 906,679 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of HIVE Digital Technologies in the third quarter worth $116,000. Finally, PFG Private Wealth Management LLC bought a new stake in shares of HIVE Digital Technologies in the third quarter worth $54,000. 24.42% of the stock is currently owned by institutional investors.

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.