Hut 8 Corp. $HUT Shares Bought by Value Aligned Research Advisors LLC

Key Points

• Value Aligned Research Advisors LLC raised its stake in Hut 8 by 110.2% in Q3 to 1,948,995 shares—about $67.85 million—representing roughly 1.8% of the company and making HUT its 27th-largest holding.
• Insider sales: Victor Semah sold 5,498 shares and CFO Sean Glennan sold 4,625 shares on March 10, reducing their stakes by 18.15% and 27.71% respectively, for combined proceeds of about $496,533.
• Wall Street leans bullish: Analysts average a $65.56 target (versus a recent price of $49.36 and a market cap of ~$5.47B), with the majority of ratings marked as Buy.

Value Aligned Research Advisors LLC raised its stake in shares of Hut 8 Corp. (NASDAQ:HUT - Free Report) by 110.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,948,995 shares of the company's stock after acquiring an additional 1,021,955 shares during the period. Hut 8 makes up 0.8% of Value Aligned Research Advisors LLC's holdings, making the stock its 27th biggest holding. Value Aligned Research Advisors LLC owned approximately 1.80% of Hut 8 worth $67,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in HUT. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Hut 8 by 3.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,500 shares of the company's stock worth $331,000 after purchasing an additional 321 shares during the period. Arizona State Retirement System raised its position in Hut 8 by 1.9% in the third quarter. Arizona State Retirement System now owns 29,290 shares of the company's stock valued at $1,020,000 after purchasing an additional 542 shares during the period. Advisors Asset Management Inc. lifted its stake in Hut 8 by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 1,613 shares of the company's stock worth $30,000 after purchasing an additional 655 shares in the last quarter. Main Management ETF Advisors LLC lifted its stake in Hut 8 by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 44,713 shares of the company's stock worth $832,000 after purchasing an additional 732 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Hut 8 by 1.1% during the second quarter. Intech Investment Management LLC now owns 66,957 shares of the company's stock worth $1,245,000 after buying an additional 734 shares during the period. 31.75% of the stock is owned by hedge funds and other institutional investors.

Hut 8 Stock Down 4.7%

Shares of NASDAQ HUT opened at $49.36 on Thursday. The stock has a market cap of $5.47 billion, a P/E ratio of -21.28 and a beta of 4.42. The business's fifty day simple moving average is $54.80 and its 200-day simple moving average is $46.44. Hut 8 Corp. has a 12-month low of $10.04 and a 12-month high of $66.07. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.12.

Insider Transactions at Hut 8

In related news, insider Victor Semah sold 5,498 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $269,676.90. Following the sale, the insider directly owned 24,796 shares in the company, valued at approximately $1,216,243.80. This represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sean Joseph Glennan sold 4,625 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $226,856.25. Following the completion of the sale, the chief financial officer directly owned 12,068 shares in the company, valued at approximately $591,935.40. This trade represents a 27.71% decrease in their position. The SEC filing for this sale provides additional information. 11.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HUT has been the topic of several research analyst reports. Roth Mkm reiterated a "buy" rating and issued a $80.00 price objective on shares of Hut 8 in a report on Tuesday, January 27th. Wall Street Zen cut Hut 8 from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Needham & Company LLC boosted their price target on shares of Hut 8 from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Craig Hallum reiterated a "buy" rating and set a $80.00 price target on shares of Hut 8 in a research note on Thursday, December 18th. Finally, B. Riley Financial raised their price objective on shares of Hut 8 from $61.00 to $76.00 and gave the company a "buy" rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average 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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