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

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) insider Ryan M. Weber sold 2,900 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $3.71, for a total value of $10,759.00. Following the transaction, the insider now directly owns 56,778 shares of the company’s stock, valued at approximately $210,646.38. This represents a 4.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Stronghold Digital Mining Price Performance

NASDAQ:SDIG opened at $3.97 on Thursday. Stronghold Digital Mining, Inc. has a 52 week low of $1.65 and a 52 week high of $6.70. 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 firm’s fifty day moving average is $4.67 and its 200-day moving average is $4.32.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised 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 institutional investors have recently bought and sold shares of SDIG. XTX Topco Ltd bought a new position in shares of Stronghold Digital Mining in the 2nd quarter worth about $130,000. State Street Corp grew its stake 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 purchasing an additional 31,700 shares during the period. Thomist Capital Management LP acquired a new stake in Stronghold Digital Mining during the second quarter worth approximately $485,000. Geode Capital Management LLC increased its holdings in 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 in the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in Stronghold Digital Mining in the third quarter valued at approximately $882,000. Institutional investors own 19.33% of the company’s stock.

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.