Victor Semah Sells 5,498 Shares of Hut 8 (NASDAQ:HUT) Stock

Key Points

• Victor Semah, an insider, sold 5,498 Hut 8 shares on March 10 at an average price of $49.05 for $269,676.90, cutting his stake by 18.15% to 24,796 shares; the sale was disclosed in an SEC filing.
• Hut 8 traded at $49.18 mid-day (up 0.9%) on volume of 4.49 million shares versus an average of 4.14 million, with a 1‑year range of $10.04 to $66.07.
• Analysts are broadly positive, giving a consensus rating of “Moderate Buy” with an average target of $65.56 and multiple firms recently raising price targets (e.g., Needham $66, Craig Hallum $80, KBW $75, B. Riley $76).

Hut 8 Corp. (NASDAQ:HUT - Get Free Report) insider Victor Semah sold 5,498 shares of the stock in a transaction 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 transaction, the insider owned 24,796 shares in the company, valued at $1,216,243.80. This trade represents 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 this hyperlink.

Hut 8 Trading Up 0.9%

NASDAQ:HUT traded up $0.44 during mid-day trading on Tuesday, reaching $49.18. The stock had a trading volume of 4,489,949 shares, compared to its average volume of 4,140,490. 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 1-year low of $10.04 and a 1-year high of $66.07. The stock's 50 day simple moving average is $55.14 and its two-hundred day simple moving average is $45.56.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HUT shares. Needham & Company LLC lifted their price objective on shares of Hut 8 from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Benchmark reaffirmed a "buy" rating on shares of Hut 8 in a report on Wednesday, December 17th. Craig Hallum reiterated a "buy" rating and set a $80.00 price objective on shares of Hut 8 in a research note on Thursday, December 18th. Keefe, Bruyette & Woods raised their target price on shares of Hut 8 from $55.00 to $75.00 and gave the stock a "moderate buy" rating in a report on Tuesday, January 27th. Finally, B. Riley Financial upped their target price on Hut 8 from $61.00 to $76.00 and gave the company a "buy" rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $65.56.

Institutional Investors Weigh In On Hut 8

A number of hedge funds have recently made changes to their positions in HUT. Advisors Asset Management Inc. increased its position in Hut 8 by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,613 shares of the company's stock valued at $30,000 after acquiring an additional 655 shares during the period. GAMMA Investing LLC bought a new position in shares of Hut 8 in the fourth quarter worth $30,000. Imprint Wealth LLC acquired a new position in shares of Hut 8 during the fourth quarter valued at $38,000. Russell Investments Group Ltd. increased its holdings in shares of Hut 8 by 235.8% during the second 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 during the period. Finally, Activest Wealth Management bought a new stake in shares of Hut 8 during the fourth quarter valued at about $49,000. Institutional investors own 31.75% of the company's stock.

About Hut 8

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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