Key Points
- Victor Semah sold 10,518 shares on May 4 at an average price of $76.83 for about $808,098 under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity, trimming his stake by 20.27%.
- Wall Street is largely bullish on Hut 8: 16 analysts rate the stock a Buy versus 1 Sell, with a consensus price target of $76.38 and recent targets as high as $90.
- HUT trades near its 12‑month high (range $12.23–$83.18), has a market cap of roughly $8.79 billion and a high beta (4.48), indicating significant volatility despite a negative trailing P/E.
Hut 8 Corp. (NASDAQ:HUT - Get Free Report) insider Victor Semah sold 10,518 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $76.83, for a total transaction of $808,097.94. Following the completion of the transaction, the insider directly owned 41,378 shares of the company's stock, valued at $3,179,071.74. This trade represents a 20.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Victor Semah also recently made the following trade(s):
- On Tuesday, March 10th, Victor Semah sold 5,498 shares of Hut 8 stock. The stock was sold at an average price of $49.05, for a total transaction of $269,676.90.
Hut 8 Price Performance
Shares of HUT opened at $78.08 on Tuesday. The company has a 50 day moving average of $58.21 and a 200-day moving average of $52.29. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.12. Hut 8 Corp. has a twelve month low of $12.23 and a twelve month high of $83.18. The stock has a market capitalization of $8.79 billion, a P/E ratio of -33.66 and a beta of 4.48.
Wall Street Analysts Forecast Growth
HUT has been the subject of several analyst reports. Roth Mkm reiterated a "buy" rating and issued a $80.00 price objective on shares of Hut 8 in a research note on Tuesday, January 27th. Canaccord Genuity Group lifted their price target on Hut 8 from $62.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Rosenblatt Securities reissued a "buy" rating and issued a $65.00 price objective on shares of Hut 8 in a research note on Thursday, February 26th. Citigroup reiterated an "outperform" rating on shares of Hut 8 in a research report on Tuesday, April 28th. Finally, BTIG Research upped their price target on Hut 8 from $55.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Sixteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Hut 8 has an average rating of "Moderate Buy" and a consensus price target of $76.38.
Read Our Latest Research Report on Hut 8
Institutional Trading of Hut 8
Hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in shares of Hut 8 by 1.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 15,969 shares of the company's stock valued at $734,000 after buying an additional 254 shares in the last quarter. CWM LLC increased its position in shares of Hut 8 by 37.4% during the fourth quarter. CWM LLC now owns 1,106 shares of the company's stock worth $51,000 after acquiring an additional 301 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Hut 8 by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,500 shares of the company's stock worth $331,000 after acquiring an additional 321 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hut 8 by 1.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,685 shares of the company's stock valued at $996,000 after acquiring an additional 362 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Hut 8 by 4.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,992 shares of the company's stock valued at $413,000 after acquiring an additional 388 shares in the last quarter. Institutional investors own 31.75% of the company's stock.
About Hut 8
(
Get Free Report)
Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
