Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its position in Stronghold Digital Mining, Inc. (NASDAQ:SDIGFree Report) by 45.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,950 shares of the company’s stock after selling 10,000 shares during the quarter. D.A. Davidson & CO. owned about 0.12% of Stronghold Digital Mining worth $87,000 as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Compass Point lowered their price target on shares of Stronghold Digital Mining from $22.00 to $8.50 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target on shares of Stronghold Digital Mining in a research note on Thursday, March 7th.

View Our Latest Analysis on Stronghold Digital Mining

Stronghold Digital Mining Price Performance

Shares of NASDAQ SDIG opened at $2.80 on Friday. Stronghold Digital Mining, Inc. has a 52 week low of $1.65 and a 52 week high of $11.56. The company’s 50-day moving average price is $3.22 and its 200 day moving average price is $4.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.50 and a quick ratio of 0.39.

Stronghold Digital Mining (NASDAQ:SDIGGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.44. The firm had revenue of $27.52 million for the quarter. Stronghold Digital Mining had a net margin of 3.58% and a return on equity of 27.19%. As a group, sell-side analysts expect that Stronghold Digital Mining, Inc. will post -0.81 EPS for the current fiscal year.

Insider Activity at Stronghold Digital Mining

In other Stronghold Digital Mining news, CFO Matthew J. Smith sold 8,510 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $3.96, for a total value of $33,699.60. Following the transaction, the chief financial officer now directly owns 174,612 shares in the company, valued at approximately $691,463.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Stronghold Digital Mining news, CFO Matthew J. Smith sold 8,510 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $3.96, for a total value of $33,699.60. Following the transaction, the chief financial officer now directly owns 174,612 shares in the company, valued at approximately $691,463.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory A. Beard sold 35,896 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $3.96, for a total transaction of $142,148.16. Following the completion of the transaction, the chief executive officer now owns 387,814 shares in the company, valued at $1,535,743.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,748 shares of company stock valued at $218,596. Insiders own 47.55% of the company’s stock.

Stronghold Digital Mining Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Stronghold Digital Mining (NASDAQ:SDIG)

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