Hut 8 (HUT) CLO Victor Semah Sells $1.2M of Stock

Victor Semah, the Chief Legal Officer of Hut 8 Corp. (NasdaqGS: HUT), sold 10,000 shares of the company on June 17, 2026. The shares were sold at an average price of $125 each, totaling $1.25 million. This transaction was not part of a pre-arranged trading plan.

Insider Buying and Selling at Hut 8 Corp.

Victor Semah's recent sale is part of a series of insider transactions at Hut 8 Corp. On June 12, Joseph Flinn sold 7,719 shares at an average price of $117.91. Earlier, on June 11, Mayo Shattuck III bought 4,773 shares, while Joseph Flinn acquired 38,947 shares. Rick Rickertsen both sold and bought 14,775 shares on the same day.

Other Institutional Activity in Hut 8 Corp.

Institutional investors have been active in Hut 8 Corp. BlackRock, Inc. increased its holdings by 201,975 shares, ending with 8,625,260 shares valued at around $404.61 million. Lone Pine Capital LLC established a new position with 6,078,951 shares worth about $285.16 million. Vanguard Portfolio Management LLC also initiated a position with 4,824,572 shares valued at $226.32 million. SRS Investment Management, LLC added 215,108 shares, bringing its total to 3,084,905 shares, valued at $144.71 million. Meanwhile, D. E. Shaw & Co., Inc. boosted its holdings by 616,868 shares to a total of 3,002,186 shares, worth approximately $140.82 million.

Hut 8 Corp. Stock Up 66.2%

Shares of Hut 8 Corp. are trading near $124.44. The company has a market cap of about $13.39 billion. With a forward P/E ratio of -64, the company isn't currently profitable. The stock's 52-week range has been between $15.26 and $140.80. Its 50-day moving average is $97.13, and the 200-day moving average is $59.30. The beta is 6.044, indicating high volatility, with a current ratio of 0.858 and a quick ratio of 0.662.

Analysts Set New Price Targets

On June 11, 2026, Rosenblatt maintained its buy rating on Hut 8 Corp. with a price target of $124. Jefferies initiated coverage with a buy rating and a target of $156 on May 14, 2026. B. Riley Securities also maintained a buy rating with a target of $130 on May 13, 2026. The consensus among 16 analysts is a strong buy, with a mean target price of $119.

About Hut 8 Corp.

Hut 8 Corp. operates as an energy infrastructure platform that integrates power and digital infrastructure. Based in Miami, Florida, the company manages energy-intensive operations in the U.S. and Canada. It provides services such as site design, procurement, construction management, and software automation. Hut 8 also offers Bitcoin mining, data center, and cloud infrastructure services. Founded in 2020, the company is led by CEO Asher Kevin Genoot and employs 248 people.

Bottom Line

Victor Semah's sale of Hut 8 Corp. shares highlights ongoing insider activity within the company. Institutional investors have been actively adjusting their positions, indicating continued interest in the stock. While analysts maintain a strong buy rating, it's important for investors to consider that this insider transaction reflects past decisions and may not indicate future trends.