Susan B. McGee, a director at HIVE Digital Technologies Ltd. (NASDAQ:HIVE), executed a sale of 16,700 common shares on June 3, 2026, according to a recent SEC filing. The transaction was valued at $74,315, with each share sold at $4.45. This sale follows a period of significant analyst activity, where multiple firms have revised their price targets and ratings for HIVE, reflecting varying perspectives on the company's strategic developments and growth trajectory.
The reported sale price of $4.45 per share represents C$6.18 Canadian dollars per share, which was converted to U.S. dollars using an exchange rate of U.S. $1.00 to C$1.3884, as reported by the Bank of Canada on the transaction date.
Following this transaction, Ms. McGee directly owns 208,300 common shares in HIVE Digital Technologies Ltd.
In other recent news, Hive Digital Technologies has seen multiple analyst firms adjust their stock price targets, reflecting various strategic developments. Keefe, Bruyette & Woods increased their price target to $5.00 from $3.00, maintaining a Market Perform rating, citing the company’s progress toward $200 million in cloud annual recurring revenue by year-end. B.Riley raised its price target to $8.00 from $5.00, highlighting the growth potential of Hive’s BUZZ HPC business, which is projected to achieve $660 million in contracted annual recurring revenue by 2028. Rosenblatt also adjusted its price target to $5.50 from $5.00, maintaining a Buy rating despite noting softer-than-expected fiscal fourth-quarter results. H.C. Wainwright reiterated a Buy rating with a $7.00 price target, pointing to potential upside if Hive successfully executes multi-year contracts for GPU deployments targeted for 2026. Cantor Fitzgerald raised their price target to $4.60 from $3.00, valuing the company’s cloud business based on its 2027 revenue estimate. These developments indicate a range of expectations for Hive Digital Technologies’ growth trajectory.