Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Insider Sells $10,759.00 in Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIGGet Free Report) insider Ryan M. Weber sold 2,900 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $3.71, for a total transaction of $10,759.00. Following the transaction, the insider now directly owns 56,778 shares in the company, valued at $210,646.38. This trade represents a 4.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stronghold Digital Mining Stock Performance

Shares of SDIG stock opened at $3.97 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.21 and a current ratio of 0.27. The firm has a fifty day simple moving average of $4.67 and a two-hundred day simple moving average of $4.32. Stronghold Digital Mining, Inc. has a 12 month low of $1.65 and a 12 month high of $6.70.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Walleye Capital LLC bought a new position in Stronghold Digital Mining in the 3rd quarter valued at about $1,022,000. Anson Funds Management LP purchased a new stake in shares of Stronghold Digital Mining in the third quarter worth approximately $2,466,000. K2 Principal Fund L.P. bought a new position in shares of Stronghold Digital Mining in the third quarter valued at approximately $882,000. Geode Capital Management LLC boosted its position in shares of Stronghold Digital Mining by 83.0% during the third quarter. Geode Capital Management LLC now owns 168,124 shares of the company’s stock valued at $849,000 after buying an additional 76,260 shares during the last quarter. Finally, State Street Corp grew its holdings in Stronghold Digital Mining by 122.3% during the third quarter. State Street Corp now owns 57,630 shares of the company’s stock worth $291,000 after buying an additional 31,700 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Read Our Latest Research Report on Stronghold Digital Mining

About Stronghold Digital Mining

(Get 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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Insider Buying and Selling by Quarter for Stronghold Digital Mining (NASDAQ:SDIG)

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