Victor Semah Sells 10,000 Shares of Hut 8 (NASDAQ:HUT) Stock

by · The Cerbat Gem

Hut 8 Corp. (NASDAQ:HUT – Get Free Report) insider Victor Semah sold 10,000 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the sale, the insider owned 31,378 shares of the company’s stock, valued at $3,922,250. The trade was a 24.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Victor Semah also recently made the following trade(s):

  • On Monday, May 4th, Victor Semah sold 10,518 shares of Hut 8 stock. The shares were sold at an average price of $76.83, for a total value of $808,097.94.

Hut 8 Stock Up 4.7%

NASDAQ:HUT traded up $5.56 during trading hours on Thursday, hitting $124.44. 4,295,515 shares of the company’s stock traded hands, compared to its average volume of 3,825,329. The firm has a market cap of $14.01 billion, a P/E ratio of -41.48 and a beta of 4.61. Hut 8 Corp. has a twelve month low of $15.26 and a twelve month high of $140.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s fifty day moving average price is $98.63 and its two-hundred day moving average price is $68.02.

Hut 8 (NASDAQ:HUT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($1.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%.The business had revenue of $139.31 million for the quarter, compared to analyst estimates of $78.53 million. On average, research analysts expect that Hut 8 Corp. will post -1.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hut 8

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in Hut 8 in the fourth quarter valued at approximately $30,000. Imprint Wealth LLC acquired a new position in shares of Hut 8 during the 4th quarter worth $38,000. Russell Investments Group Ltd. raised its holdings in shares of Hut 8 by 235.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock valued at $46,000 after purchasing an additional 1,719 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Hut 8 during the 1st quarter valued at $47,000. Finally, Activest Wealth Management acquired a new stake in shares of Hut 8 in the 4th quarter valued at $49,000. Institutional investors own 31.75% of the company’s stock.

Wall Street Analysts Forecast Growth

HUT has been the topic of several research reports. Arete Research began coverage on shares of Hut 8 in a research note on Monday, March 23rd. They issued a “buy” rating and a $136.00 price objective on the stock. Wall Street Zen lowered shares of Hut 8 from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Citizens Jmp boosted their price target on shares of Hut 8 from $100.00 to $140.00 and gave the company a “market outperform” rating in a report on Thursday, May 7th. Piper Sandler upped their price target on shares of Hut 8 from $93.00 to $127.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC increased their price objective on Hut 8 from $88.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.72.

Check Out Our Latest Research Report on Hut 8

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.

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