Key Points
- Director Dave Perrill sold 100,000 HIVE shares at an average price of $2.72, generating approximately $272,000. He also sold 175,000 shares in June at $4.69 each.
- HIVE’s latest quarterly results fell short of expectations: the company reported a $0.54-per-share loss versus the expected $0.21 loss, while revenue of $79.1 million missed the $81.7 million estimate.
- Investors remain focused on HIVE’s AI-cloud expansion. The company is ramping a five-year GPU cloud contract expected to produce about $70 million in annual recurring revenue, although execution and continued losses remain key risks.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Get Free Report) Director Dave Perrill sold 100,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
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 transaction of $820,750.00.
HIVE Digital Technologies Price Performance
HIVE stock opened at $2.82 on Thursday. The stock has a 50-day simple moving average of $3.29 and a 200-day simple moving average of $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 - Get Free Report) last released 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 return on equity of 31.98% and a negative net margin of 98.49%.The firm had revenue of $79.12 million for the quarter, compared to analysts' expectations of $81.72 million. During the same period last year, the firm earned $0.18 EPS. On average, equities analysts predict that HIVE Digital Technologies Ltd. will post -0.78 earnings per share for the current fiscal year.
HIVE Digital Technologies News Roundup
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.
Analysts Set New Price Targets
A number of research firms have recently issued reports on HIVE. Rosenblatt Securities raised their price target on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. B. Riley Financial boosted their price objective on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a "buy" rating in a research 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 report on Sunday, July 12th. Canaccord Genuity Group restated a "buy" rating and issued a $10.00 target price on shares of HIVE Digital Technologies in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upped their target price on HIVE Digital Technologies from $3.00 to $5.00 and gave the company a "market perform" rating in a report on Friday, June 5th. Seven 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, HIVE Digital Technologies has an average rating of "Moderate Buy" and an average target price of $6.95.
Read Our Latest Analysis on HIVE
Institutional Trading of HIVE Digital Technologies
Several hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP bought a new position in HIVE Digital Technologies in the 3rd quarter worth about $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 during the first quarter valued at approximately $6,444,000. Millennium Management LLC raised its holdings in shares of HIVE Digital Technologies by 58.1% during the fourth quarter. Millennium Management LLC now owns 6,900,828 shares of the company's stock valued at $17,804,000 after buying an additional 2,536,135 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in shares of 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 buying an additional 1,305,057 shares during the period. 24.42% of the stock is currently owned by institutional investors.
HIVE Digital Technologies Company Profile
(
Get Free Report)
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.
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