Dynamic Technology Lab Private Ltd Trims Stock Position in Hut 8 Corp. $HUT

Key Points

• Dynamic Technology Lab Private Ltd cut its stake in Hut 8 by 64.8% in Q3, selling 22,462 shares and leaving it with 12,179 shares valued at about $424,000.
• Insiders sold shares on March 10 — Victor Semah and CFO Sean Joseph Glennan reduced their holdings by roughly 18.2% and 27.7%, respectively, and insiders now own about 11.20% of the company.
• Analyst sentiment is cautiously positive with a consensus rating of "Moderate Buy" and an average target of $65.56; the stock trades around $51, has a $5.67 billion market cap and a 52‑week range of $10.04–$66.07.

Dynamic Technology Lab Private Ltd cut its position in Hut 8 Corp. (NASDAQ:HUT - Free Report) by 64.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,179 shares of the company's stock after selling 22,462 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Hut 8 were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Hut 8 by 1.8% in the third quarter. Vanguard Group Inc. now owns 7,728,037 shares of the company's stock worth $269,013,000 after purchasing an additional 140,248 shares during the period. Geode Capital Management LLC boosted its stake in Hut 8 by 13.7% during the second quarter. Geode Capital Management LLC now owns 2,563,091 shares of the company's stock valued at $47,679,000 after buying an additional 309,113 shares during the period. Ameriprise Financial Inc. grew its position in Hut 8 by 1,043.0% during the second quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company's stock worth $46,255,000 after buying an additional 2,269,237 shares in the last quarter. Invesco Ltd. increased its stake in Hut 8 by 13.2% in the 2nd quarter. Invesco Ltd. now owns 1,067,985 shares of the company's stock worth $19,865,000 after acquiring an additional 124,439 shares during the last quarter. Finally, Northern Right Capital Management L.P. increased its stake in Hut 8 by 48.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 971,852 shares of the company's stock worth $18,076,000 after acquiring an additional 315,522 shares during the last quarter. 31.75% of the stock is owned by institutional investors.

Insider Transactions at Hut 8

In other Hut 8 news, insider Victor Semah sold 5,498 shares of the business's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total value of $269,676.90. Following the transaction, the insider owned 24,796 shares in the company, valued at approximately $1,216,243.80. The trade was a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean Joseph Glennan sold 4,625 shares of the company's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $226,856.25. Following the transaction, the chief financial officer directly owned 12,068 shares of the company's stock, valued at approximately $591,935.40. This trade represents a 27.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.20% of the stock is currently owned by insiders.

Hut 8 Stock Up 3.9%

Shares of NASDAQ HUT opened at $51.12 on Thursday. The firm's fifty day moving average is $55.25 and its 200 day moving average is $45.60. Hut 8 Corp. has a 52 week low of $10.04 and a 52 week high of $66.07. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.12. The company has a market cap of $5.67 billion, a price-to-earnings ratio of -22.03 and a beta of 4.42.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HUT. BTIG Research restated a "buy" rating and issued a $55.00 price objective on shares of Hut 8 in a research report on Wednesday, December 17th. Roth Mkm reiterated a "buy" rating and set a $80.00 target price on shares of Hut 8 in a research report on Tuesday, January 27th. Rosenblatt Securities reissued a "buy" rating and issued a $65.00 price target on shares of Hut 8 in a research note on Thursday, February 26th. Craig Hallum reissued a "buy" rating and issued a $80.00 price target on shares of Hut 8 in a report on Thursday, December 18th. Finally, Canaccord Genuity Group raised their price objective on shares of Hut 8 from $62.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hut 8 has a consensus rating of "Moderate Buy" and an average target price of $65.56.

Hut 8 Company 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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