Ryan M. Weber Sells 2,900 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) insider Ryan M. Weber sold 2,900 shares of the company’s 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 completion of the sale, the insider now directly owns 56,778 shares in the company, valued at approximately $210,646.38. The trade was a 4.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Stronghold Digital Mining Stock Performance

SDIG stock traded down $0.16 during midday trading on Monday, reaching $3.65. 358,168 shares of the company were exchanged, compared to its average volume of 413,515. The firm has a market capitalization of $62.94 million, a price-to-earnings ratio of -0.99 and a beta of 2.98. The business has a 50-day moving average price of $4.71 and a two-hundred day moving average price of $4.33. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.27 and a quick ratio of 0.21. Stronghold Digital Mining, Inc. has a one year low of $1.65 and a one year high of $6.70.

Institutional Trading of Stronghold Digital Mining

Large investors have recently bought and sold shares of the business. Thomist Capital Management LP acquired a new position in shares of Stronghold Digital Mining in the second quarter valued at approximately $485,000. XTX Topco Ltd acquired a new position in Stronghold Digital Mining in the second quarter valued at approximately $130,000. Walleye Capital LLC bought a new position in Stronghold Digital Mining during the third quarter worth $1,022,000. State Street Corp grew its stake in Stronghold Digital Mining by 122.3% in 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 purchased a new stake in shares of Stronghold Digital Mining in the third quarter worth 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 upgraded Stronghold Digital Mining from a “hold” rating to a “strong-buy” rating in a research 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.