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

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Dave Perrill sold 100,000 shares of the firm’s stock in a transaction that occurred 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 legal filing with the SEC, which is available 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 stock was sold at an average price of $4.69, for a total value of $820,750.00.

HIVE Digital Technologies Price Performance

HIVE stock opened at $2.82 on Thursday. The stock’s 50 day moving average price is $3.29 and its 200 day moving average price is $2.86. The firm has a market cap of $773.47 million, a P/E ratio of -2.19 and a beta of 3.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.96. HIVE Digital Technologies Ltd. has a 1 year low of $1.73 and a 1 year high of $7.84.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.33). HIVE Digital Technologies had a negative return on equity of 31.98% and a negative net margin of 98.49%.The company had revenue of $79.12 million for the quarter, compared to analysts’ expectations of $81.72 million. During the same period in the previous year, the business posted $0.18 EPS. On average, sell-side analysts expect that HIVE Digital Technologies Ltd. will post -0.78 earnings per share for the current fiscal year.

Key Stories Impacting HIVE Digital Technologies

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

• Positive Sentiment: Analysts raised forward earnings forecasts. Northland Securities improved its FY2027 EPS estimate to a loss of $0.58 from a loss of $0.72, while lifting estimates for the second, third and fourth quarters of FY2027. HC Wainwright also raised its quarterly forecasts and projects a smaller FY2028 loss of $0.23 per share.
• Positive Sentiment: AI cloud growth is strengthening the investment narrative. HIVE is ramping a five-year GPU cloud contract generating approximately $70 million in annual recurring revenue and is targeting $200 million in ARR. The company plans to use Bitcoin-mining cash flow to fund AI and high-performance computing expansion. HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
• Positive Sentiment: Brokerage support remains favorable. HC Wainwright maintained a Buy rating with a $7 price target, and Canaccord Genuity reiterated Buy with a $10 target. The broader analyst view is reported as “Moderate Buy.” Canaccord Genuity Group Reiterates Buy Rating
• Neutral Sentiment: The AI deal could be transformative but execution-dependent. Coverage of HIVE’s approximately $350 million AI cloud agreement has increased investor interest, but the stock’s ability to sustain its advance depends on successfully deploying capacity and converting the contract into recurring revenue. Will New US$350 Million AI Cloud Deal Change HIVE’s Narrative?
• Negative Sentiment: Insider selling adds some pressure. Director Dave Perrill sold 100,000 shares for approximately $272,000 at an average price of $2.72. One transaction does not establish a trend, but it can weigh on sentiment.
• Negative Sentiment: HIVE remains unprofitable. The company recently reported a quarterly EPS loss of $0.54, wider than the $0.21 analyst consensus, and revenue of $79.1 million below expectations of $81.7 million. Analysts still expect a loss for the current fiscal year, making the AI expansion plan and improving forecasts important to the valuation.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HIVE. Keefe, Bruyette & Woods upped their target price on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the company a “market perform” rating in a report on Friday, June 5th. HC Wainwright reiterated a “buy” rating and set a $7.00 price target on shares of HIVE Digital Technologies in a report on Monday. Weiss Ratings raised shares of HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 14th. Rosenblatt Securities upped their price objective on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, UBS Group set a $8.00 target price on shares of HIVE Digital Technologies in a research report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.95.

Institutional Trading of HIVE Digital Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIVE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in HIVE Digital Technologies by 18.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 878,457 shares of the company’s stock valued at $1,283,000 after purchasing an additional 137,651 shares during the period. Goldman Sachs Group Inc. raised its stake in HIVE Digital Technologies by 328.2% during the first quarter. Goldman Sachs Group Inc. now owns 520,877 shares of the company’s stock worth $755,000 after purchasing an additional 399,223 shares during the period. Geode Capital Management LLC boosted its holdings in shares of HIVE Digital Technologies by 11.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,296,531 shares of the company’s stock valued at $2,334,000 after purchasing an additional 128,760 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of HIVE Digital Technologies by 397,216.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 397,316 shares of the company’s stock valued at $715,000 after buying an additional 397,216 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of HIVE Digital Technologies by 232.8% during the 2nd quarter. Franklin Resources Inc. now owns 62,061 shares of the company’s stock worth $112,000 after buying an additional 43,413 shares during the last quarter. Hedge funds and other institutional investors own 24.42% of the company’s stock.

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.