Concurrent Investment Advisors LLC Invests $235,000 in Hut 8 Corp. $HUT

Concurrent Investment Advisors LLC acquired a new position in shares of Hut 8 Corp. (NASDAQ:HUT) during the 4th quarter, Holdings Channel.com reports. The fund acquired 5,115 shares of the company’s stock, valued at approximately $235,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Hut 8 during the 4th quarter worth approximately $30,000. CWM LLC grew its holdings in shares of Hut 8 by 37.4% during the 4th quarter. CWM LLC now owns 1,106 shares of the company’s stock worth $51,000 after purchasing an additional 301 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Hut 8 by 1,578.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,393 shares of the company’s stock worth $64,000 after purchasing an additional 1,310 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Hut 8 by 67.2% during the 3rd quarter. NewEdge Advisors LLC now owns 2,257 shares of the company’s stock worth $79,000 after purchasing an additional 907 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Hut 8 by 235.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock valued at $46,000 after buying an additional 1,719 shares in the last quarter. Institutional investors and hedge funds own 31.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on HUT shares. BTIG Research boosted their price target on Hut 8 from $90.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday. Arete Research started coverage on Hut 8 in a research note on Monday, March 23rd. They issued a “buy” rating and a $136.00 price target on the stock. B. Riley Financial boosted their price target on Hut 8 from $61.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Wall Street Zen lowered Hut 8 from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Keefe, Bruyette & Woods boosted their price target on Hut 8 from $55.00 to $75.00 and gave the company a “moderate buy” rating in a research note on Tuesday, January 27th. Sixteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.06.

Insider Buying and Selling at Hut 8

In other Hut 8 news, CFO Sean Joseph Glennan sold 4,625 shares of Hut 8 stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $49.05, for a total value of $226,856.25. Following the completion of the transaction, the chief financial officer owned 12,068 shares in the company, valued at approximately $591,935.40. The trade was a 27.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Victor Semah sold 10,518 shares of Hut 8 stock in a transaction on Monday, May 4th. The shares were sold at an average price of $76.83, for a total value of $808,097.94. Following the completion of the transaction, the insider owned 41,378 shares of the company’s stock, valued at approximately $3,179,071.74. The trade was a 20.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 20,641 shares of company stock valued at $1,304,631. Corporate insiders own 11.20% of the company’s stock.

Hut 8 Trading Up 35.3%

Shares of HUT opened at $108.94 on Thursday. The stock has a fifty day moving average price of $59.84 and a two-hundred day moving average price of $52.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.09 and a current ratio of 1.09. Hut 8 Corp. has a 52-week low of $12.45 and a 52-week high of $111.33. The company has a market cap of $12.26 billion, a price-to-earnings ratio of -46.96 and a beta of 4.48.

Key Stories Impacting Hut 8

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Signed a 15‑year, triple‑net, take‑or‑pay lease for 352 MW at the Beacon Point (Texas) campus with a high investment‑grade tenant — a base‑term contract value of $9.8 billion that expands Hut 8’s contracted AI capacity and validates its power‑first development model. Beacon Point Lease
• Positive Sentiment: Closed $3.25 billion of fully amortizing, 16.5‑year investment‑grade senior secured notes (≈95% loan‑to‑cost) to finance the River Bend campus — non‑dilutive, non‑recourse project financing that de‑risks growth and supports delivery of additional AI capacity. Quarterly Results & Financing
• Positive Sentiment: Wall Street responded: BTIG and Piper Sandler raised price targets and reiterated buy/overweight views, signaling analyst conviction after the lease and financing announcements. Analyst Coverage
• Neutral Sentiment: Secured a $200M, 364‑day bitcoin‑backed credit facility with FalconX at a 7% rate, replacing prior financing and improving short‑term liquidity and BTC access. FalconX Facility
• Neutral Sentiment: Q1 results were mixed: the company reported higher revenue (reflecting early commercialization and data‑center activity) but showed a quarterly EPS shortfall on certain metrics; investors are focusing on the pipeline and contract backlog rather than near‑term EPS. Q1 Results
• Negative Sentiment: Insider sold 10,518 shares under a pre‑arranged Rule 10b5‑1 plan to cover tax obligations — disclosed selling can be interpreted negatively by some investors even though it was routine/plan‑based. Insider Sale Filing

About Hut 8

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.