Stronghold Digital Mining, Inc. (NASDAQ:SDIG - Get Free Report) CEO Gregory A. Beard sold 14,201 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $3.85, for a total transaction of $54,673.85. Following the transaction, the chief executive officer now owns 446,533 shares in the company, valued at $1,719,152.05. This represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Stronghold Digital Mining Price Performance
SDIG stock remained flat at $4.03 during midday trading on Thursday. 312,835 shares of the company's stock were exchanged, compared to its average volume of 900,307. Stronghold Digital Mining, Inc. has a 1 year low of $1.65 and a 1 year high of $11.56. The firm has a market capitalization of $69.49 million, a price-to-earnings ratio of -1.09 and a beta of 2.92. The stock's 50 day simple moving average is $4.93 and its 200-day simple moving average is $4.35. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.27 and a quick ratio of 0.21.
Institutional Trading of Stronghold Digital Mining
Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in Stronghold Digital Mining in the 2nd quarter valued at about $130,000. State Street Corp grew its position in shares of Stronghold Digital Mining by 122.3% in the third quarter. State Street Corp now owns 57,630 shares of the company's stock valued at $291,000 after purchasing an additional 31,700 shares during the last quarter. Thomist Capital Management LP bought a new position in shares of Stronghold Digital Mining during the second quarter worth approximately $485,000. Geode Capital Management LLC lifted its holdings in Stronghold Digital Mining by 83.0% during the 3rd quarter. Geode Capital Management LLC now owns 168,124 shares of the company's stock worth $849,000 after purchasing an additional 76,260 shares during the last quarter. Finally, K2 Principal Fund L.P. bought a new stake in Stronghold Digital Mining in the 3rd quarter valued at $882,000. Institutional investors own 19.33% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, B. Riley upgraded Stronghold Digital Mining from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 15th.
Check Out Our Latest Research Report on Stronghold Digital Mining
Stronghold Digital Mining Company Profile
(
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Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.
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