Gregory A. Beard Sells 13,811 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 13,811 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $2.38, for a total value of $32,870.18. Following the transaction, the chief executive officer now directly owns 374,003 shares of the company’s stock, valued at $890,127.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Stronghold Digital Mining Price Performance

Shares of NASDAQ SDIG opened at $2.69 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.50 and a quick ratio of 0.38. Stronghold Digital Mining, Inc. has a 52-week low of $1.65 and a 52-week high of $12.20. The business has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.88.

Stronghold Digital Mining (NASDAQ:SDIG) last announced its earnings results on Wednesday, March 6th. The company reported ($1.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.22) by $0.10. The firm had revenue of $21.74 million during the quarter, compared to analysts’ expectations of $22.45 million. Stronghold Digital Mining had a positive return on equity of 10.70% and a negative net margin of 40.57%. Equities analysts predict that Stronghold Digital Mining, Inc. will post -0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

SDIG has been the subject of several analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of Stronghold Digital Mining in a research report on Thursday, March 7th. Compass Point lowered their price objective on Stronghold Digital Mining from $22.00 to $8.50 and set a “buy” rating for the company in a research report on Wednesday, April 10th.

Institutional Trading of Stronghold Digital Mining

Large investors have recently made changes to their positions in the company. Armistice Capital LLC purchased a new stake in Stronghold Digital Mining during the 4th quarter valued at approximately $7,300,000. Verition Fund Management LLC raised its stake in Stronghold Digital Mining by 682.9% during the 1st quarter. Verition Fund Management LLC now owns 156,578 shares of the company’s stock valued at $916,000 after acquiring an additional 136,578 shares during the last quarter. Vanguard Group Inc. raised its stake in Stronghold Digital Mining by 74.2% during the 4th quarter. Vanguard Group Inc. now owns 292,800 shares of the company’s stock valued at $2,137,000 after acquiring an additional 124,737 shares during the last quarter. Millennium Management LLC raised its stake in shares of Stronghold Digital Mining by 878.8% during the 2nd quarter. Millennium Management LLC now owns 125,858 shares of the company’s stock worth $209,000 after buying an additional 112,999 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Stronghold Digital Mining by 279.5% during the 1st quarter. Renaissance Technologies LLC now owns 125,600 shares of the company’s stock worth $78,000 after buying an additional 92,500 shares in the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

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.