Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Sells $54,673.85 in Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 14,201 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $3.85, for a total value of $54,673.85. Following the completion of the sale, the chief executive officer now directly owns 446,533 shares of the company’s stock, valued at approximately $1,719,152.05. This trade represents a 3.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Stronghold Digital Mining Stock Down 2.7 %

SDIG stock opened at $3.92 on Friday. The company has a 50 day moving average of $4.92 and a two-hundred day moving average of $4.34. The company has a quick ratio of 0.21, a current ratio of 0.27 and a debt-to-equity ratio of 1.73. Stronghold Digital Mining, Inc. has a 12-month low of $1.65 and a 12-month high of $10.73. The company has a market cap of $67.59 million, a price-to-earnings ratio of -1.06 and a beta of 2.92.

Wall Street Analyst Weigh In

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

Institutional Trading of Stronghold Digital Mining

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in Stronghold Digital Mining by 83.0% in 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. K2 Principal Fund L.P. bought a new stake in shares of Stronghold Digital Mining in the 3rd quarter valued at approximately $882,000. Anson Funds Management LP acquired a new position in Stronghold Digital Mining in the third quarter worth approximately $2,466,000. State Street Corp raised its position in 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 in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Stronghold Digital Mining in the third quarter valued at approximately $1,022,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

About Stronghold Digital Mining

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.