Insider Selling: Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Sells $45,299.10 in Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 12,210 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $3.71, for a total value of $45,299.10. Following the completion of the sale, the chief executive officer now owns 462,351 shares of the company’s stock, valued at approximately $1,715,322.21. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Stronghold Digital Mining Stock Performance

NASDAQ SDIG opened at $3.98 on Friday. Stronghold Digital Mining, Inc. has a 1 year low of $1.65 and a 1 year high of $6.70. The business’s fifty day moving average is $4.64 and its two-hundred day moving average is $4.32. The company has a quick ratio of 0.21, a current ratio of 0.27 and a debt-to-equity ratio of 1.73.

Institutional Investors Weigh In On Stronghold Digital Mining

A number of institutional investors and hedge funds have recently modified their holdings of SDIG. Thomist Capital Management LP acquired a new position in shares of Stronghold Digital Mining in the 2nd quarter valued at $485,000. XTX Topco Ltd acquired a new position in shares of Stronghold Digital Mining in the second quarter worth about $130,000. Walleye Capital LLC purchased a new position in shares of Stronghold Digital Mining in the third quarter worth approximately $1,022,000. State Street Corp raised its holdings in shares of Stronghold Digital Mining by 122.3% during the third quarter. State Street Corp now owns 57,630 shares of the company’s stock valued at $291,000 after acquiring an additional 31,700 shares during the period. Finally, Anson Funds Management LP acquired a new stake in shares of Stronghold Digital Mining during the third quarter valued at approximately $2,466,000. 19.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, B. Riley raised shares of Stronghold Digital Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th.

Stronghold Digital Mining Company Profile

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.