Gregory A. Beard Sells 14,201 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 14,201 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were 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 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 at this hyperlink.

Stronghold Digital Mining Price Performance

NASDAQ SDIG opened at $3.92 on Friday. Stronghold Digital Mining, Inc. has a 1 year low of $1.65 and a 1 year high of $10.73. The business’s fifty day moving average is $4.92 and its two-hundred day moving average is $4.34. The stock has a market capitalization of $67.59 million, a P/E ratio of -1.06 and a beta of 2.92. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.21 and a current ratio of 0.27.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Stronghold Digital Mining

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in shares of Stronghold Digital Mining during the second quarter valued at $130,000. State Street Corp raised its holdings in Stronghold Digital Mining by 122.3% during the 3rd quarter. State Street Corp now owns 57,630 shares of the company’s stock worth $291,000 after buying an additional 31,700 shares during the period. Thomist Capital Management LP purchased a new stake in Stronghold Digital Mining during the second quarter valued at about $485,000. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 76,260 shares during the period. Finally, K2 Principal Fund L.P. acquired a new position in shares of Stronghold Digital Mining in the third quarter worth about $882,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

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.