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

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) COO Luke Rossy sold 66,700 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $4.57, for a total value of $304,819.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

HIVE Digital Technologies Trading Down 13.7%

NASDAQ:HIVE opened at $3.77 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.10 and a quick ratio of 1.74. The firm has a market capitalization of $996.97 million, a price-to-earnings ratio of -6.73 and a beta of 3.74. HIVE Digital Technologies Ltd. has a one year low of $1.60 and a one year high of $7.84. The business has a fifty day moving average price of $2.90 and a 200-day moving average price of $2.77.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.28) EPS 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 company had revenue of $71.82 million during the quarter, compared to analysts’ expectations of $79.99 million. Sell-side analysts forecast that HIVE Digital Technologies Ltd. will post -0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HIVE shares. UBS Group set a $8.00 price target on HIVE Digital Technologies in a research note on Wednesday. HC Wainwright reiterated a “buy” rating and issued a $7.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of HIVE Digital Technologies in a research note on Monday, May 11th. New Street Research set a $5.00 price target on HIVE Digital Technologies in a research note on Thursday, February 19th. Finally, Keefe, Bruyette & Woods increased their price target on HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a “market perform” rating in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.90.

Trending Headlines about HIVE Digital Technologies

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Stillwater Private Wealth LLC purchased a new position in shares of HIVE Digital Technologies during the first quarter valued at about $38,000. Situational Awareness LP purchased a new position in shares of HIVE Digital Technologies during the first quarter valued at about $6,444,000. Empowered Funds LLC purchased a new position in shares of HIVE Digital Technologies during the first quarter valued at about $1,934,000. CI Investments Inc. grew its position in shares of HIVE Digital Technologies by 37.9% during the first quarter. CI Investments Inc. now owns 54,429 shares of the company’s stock valued at $103,000 after purchasing an additional 14,964 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in shares of HIVE Digital Technologies by 30.3% during the first quarter. Chicago Partners Investment Group LLC now owns 205,322 shares of the company’s stock valued at $390,000 after purchasing an additional 47,711 shares in 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.