Gregory A. Beard Sells 12,210 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) 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 sale, the chief executive officer now owns 462,351 shares of the company’s stock, valued at approximately $1,715,322.21. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Stronghold Digital Mining Price Performance

Shares of SDIG stock traded up $0.07 on Tuesday, reaching $3.72. The company had a trading volume of 402,631 shares, compared to its average volume of 412,359. The stock has a market capitalization of $64.14 million, a PE ratio of -1.01 and a beta of 2.98. The company has a quick ratio of 0.21, a current ratio of 0.27 and a debt-to-equity ratio of 1.73. The business’s 50-day moving average is $4.71 and its 200 day moving average is $4.33. Stronghold Digital Mining, Inc. has a one year low of $1.65 and a one year high of $6.70.

Analysts Set New Price Targets

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

Institutional Trading of Stronghold Digital Mining

A number of hedge funds have recently added to or reduced their stakes in SDIG. XTX Topco Ltd bought a new position in Stronghold Digital Mining in the 2nd quarter valued at approximately $130,000. State Street Corp raised its stake 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 last quarter. Thomist Capital Management LP acquired a new position in shares of Stronghold Digital Mining during the second quarter worth $485,000. Geode Capital Management LLC grew its stake in shares of Stronghold Digital Mining by 83.0% in the third 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. acquired a new stake in Stronghold Digital Mining in the third quarter valued at $882,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

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.