Deutsche Bank AG Buys Shares of 114,873 Hut 8 Corp. $HUT

Deutsche Bank AG bought a new stake in Hut 8 Corp. (NASDAQ:HUT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 114,873 shares of the company's stock, valued at approximately $13,262,000. Deutsche Bank AG owned approximately 0.09% of Hut 8 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HUT. Northwestern Mutual Wealth Management Co. increased its stake in Hut 8 by 4,669,387.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company's stock valued at $186,629,000 after acquiring an additional 4,062,367 shares during the last quarter. SRS Investment Management LLC acquired a new stake in shares of Hut 8 in the 4th quarter valued at $131,838,000. Sachem Head Capital Management LP bought a new position in shares of Hut 8 in the 4th quarter valued at $129,780,000. Ameriprise Financial Inc. increased its stake in shares of Hut 8 by 1,043.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company's stock valued at $46,255,000 after purchasing an additional 2,269,237 shares during the last quarter. Finally, Oasis Management Co Ltd. raised its holdings in shares of Hut 8 by 231.5% during the 4th quarter. Oasis Management Co Ltd. now owns 2,307,683 shares of the company's stock worth $106,015,000 after buying an additional 1,611,653 shares in the last quarter. Institutional investors own 31.75% of the company's stock.

Key Hut 8 News

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Analyst upgrade: Freedom Capital upgraded Hut 8 to “strong-buy,” reinforcing the bullish view among some analysts. Zacks.com
• Positive Sentiment: Brokerage support: Hut 8 continues to carry a consensus “Buy” recommendation, which may provide support for the stock following its recent rally. Hut 8 receives consensus Buy recommendation
• Positive Sentiment: AI infrastructure opportunity: Hut 8 was cited as having a reported $19.6 billion Beacon Point backlog. The selling in Hut 8, TeraWulf and IREN was characterized as profit-taking and position unwinding after substantial 2026 gains, rather than evidence of deteriorating contracts or project economics. What is pressuring AI miner stocks
• Neutral Sentiment: Cryptocurrency backdrop: Bitcoin recently rose above $70,000 after President Trump backed the Clarity Act and the Treasury increased buybacks. The rally initially lifted crypto-related equities, but it has not prevented subsequent sector-wide profit-taking. Bitcoin and crypto shares climb after Clarity Act push
• Negative Sentiment: Legal overhang: A federal court approved notice of a proposed class-action settlement involving purchasers of Hut 8 securities. The announcement does not provide settlement terms, but the litigation may remain an investor concern until its financial and procedural implications are clear. Proposed Hut 8 class-action settlement

Hut 8 Stock Down 8.8%

Shares of NASDAQ HUT opened at $80.86 on Friday. The company has a 50 day simple moving average of $102.73 and a 200 day simple moving average of $83.98. The firm has a market cap of $9.97 billion, a PE ratio of -14.84 and a beta of 4.64. Hut 8 Corp. has a 1 year low of $21.00 and a 1 year high of $140.80. The company has a debt-to-equity ratio of 4.22, a current ratio of 19.35 and a quick ratio of 19.35.

Hut 8 (NASDAQ:HUT - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($1.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.72). The business had revenue of $72.66 million for the quarter, compared to the consensus estimate of $79.37 million. Hut 8 had a negative return on equity of 0.97% and a negative net margin of 188.59%.During the same period in the previous year, the firm earned $1.18 earnings per share. On average, research analysts forecast that Hut 8 Corp. will post -2.85 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on HUT shares. Jefferies Financial Group initiated coverage on Hut 8 in a research report on Thursday, May 14th. They set a "buy" rating and a $156.00 price objective for the company. BTIG Research lifted their target price on Hut 8 from $115.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Wall Street Zen downgraded Hut 8 from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Maxim Group raised shares of Hut 8 to a "strong-buy" rating in a report on Wednesday, August 5th. Finally, Morgan Stanley began coverage on shares of Hut 8 in a research note on Thursday, July 23rd. They issued an "overweight" rating and a $263.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hut 8 presently has an average rating of "Buy" and a consensus price target of $144.89.

Insiders Place Their Bets

In related news, insider Victor Semah sold 10,000 shares of the stock in a transaction on Wednesday, June 17th. The stock was 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 directly owned 31,378 shares in the company, valued at $3,922,250. This represents a 24.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Flinn sold 7,719 shares of the firm's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $117.91, for a total value of $910,147.29. Following the transaction, the director directly owned 10,519 shares of the company's stock, valued at approximately $1,240,295.29. This represents a 42.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 48,219 shares of company stock valued at $5,704,552 over the last 90 days. 10.40% of the stock is currently owned by company insiders.

Hut 8 Profile

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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