Stronghold Digital Mining (NASDAQ:SDIG – Free Report) had its price objective trimmed by HC Wainwright from $7.00 to $4.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.
Separately, B. Riley cut their target price on shares of Stronghold Digital Mining from $6.00 to $5.00 and set a neutral rating for the company in a research note on Friday, July 12th.
Read Our Latest Stock Report on SDIG
Stronghold Digital Mining Price Performance
Insider Activity at Stronghold Digital Mining
In other Stronghold Digital Mining news, CEO Gregory A. Beard sold 13,058 shares of Stronghold Digital Mining stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $3.67, for a total transaction of $47,922.86. Following the sale, the chief executive officer now owns 395,057 shares of the company’s stock, valued at approximately $1,449,859.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 21,770 shares of company stock valued at $79,746. 47.55% of the stock is owned by insiders.
Hedge Funds Weigh In On Stronghold Digital Mining
Hedge funds and other institutional investors have recently modified their holdings of the business. Armistice Capital LLC acquired a new stake in Stronghold Digital Mining in the 4th quarter valued at about $7,300,000. Nomura Holdings Inc. acquired a new stake in shares of Stronghold Digital Mining in the fourth quarter valued at approximately $404,000. Virtu Financial LLC purchased a new position in Stronghold Digital Mining during the first quarter worth approximately $71,000. RFG Advisory LLC acquired a new position in Stronghold Digital Mining during the second quarter worth $43,000. Finally, Western Wealth Management LLC purchased a new stake in Stronghold Digital Mining in the 2nd quarter valued at $59,000. 19.33% of the stock is owned by hedge funds and other institutional investors.
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.
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