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Hut 8 Falls as Bitcoin Weakness Adds to Post-Earnings Pressure

Investivoq PriceTracker

Hut 8 Corp. (HUT) is down 8.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a combination of sector pressure from a sharp drop in Bitcoin and lingering fallout from Hut 8’s latest quarterly results. Investors also appear to still be weighing weaker revenue, a recent wave of lower price targets, and concerns tied to the company’s Texas development exposure.

Details:

  • Hut 8’s third-quarter 2026 results showed revenue of $71.1 million, down from $83.5 million a year earlier, which gave investors a weaker near-term operating picture even as the company highlighted progress on larger infrastructure projects.
  • The company disclosed in its quarterly filing that it sold about 954 Bitcoin for roughly $74.8 million in net proceeds during the third quarter and about 2,148 Bitcoin for about $175.4 million in October, suggesting active treasury management rather than a simple hold strategy.
  • Bitcoin itself is down more than 4% today, and that often weighs on crypto miners and related infrastructure names because their valuations are closely tied to digital-asset prices and sentiment.
  • This could also be because the stock is still digesting analyst target cuts and investor caution around Texas data center policy risk after the early-November selloff.

    • Sources:

    SEC, Hut 8, Yahoo Finance

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $HUT Insider Trading Activity

    HUT Insider Trades

    $HUT insiders have traded $HUT stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

    Here’s a breakdown of recent trading of $HUT stock by insiders over the last 6 months:

    • JOSEPH FLINN has made 0 purchases and 6 sales selling 38,219 shares for an estimated $4,454,582.
    • AMY MARIE WILKINSON sold 20,000 shares for an estimated $2,015,600
    • MAYO A III SHATTUCK sold 20,000 shares for an estimated $2,000,000
    • VICTOR SEMAH (Chief Legal Officer) sold 10,000 shares for an estimated $1,250,000
    • SEAN JOSEPH GLENNAN (Chief Financial Officer) has made 0 purchases and 2 sales selling 6,445 shares for an estimated $507,623.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $HUT Hedge Fund Activity

    We have seen 259 institutional investors add shares of $HUT stock to their portfolio, and 212 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • COATUE MANAGEMENT LLC added 9,715,476 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,121,603,126
    • MORGAN STANLEY added 2,266,057 shares (+214.8%) to their portfolio in Q2 2026, for an estimated $261,604,950
    • OASIS MANAGEMENT CO LTD. removed 2,235,510 shares (-89.1%) from their portfolio in Q2 2026, for an estimated $258,078,451
    • SRS INVESTMENT MANAGEMENT, LLC removed 2,084,905 shares (-67.6%) from their portfolio in Q2 2026, for an estimated $240,691,857
    • PRICE T ROWE ASSOCIATES INC /MD/ added 1,658,863 shares (+1507.8%) to their portfolio in Q2 2026, for an estimated $191,507,439
    • VALUE ALIGNED RESEARCH ADVISORS, LLC removed 1,442,224 shares (-50.0%) from their portfolio in Q2 2026, for an estimated $166,497,549
    • UBS GROUP AG added 1,341,507 shares (+406.7%) to their portfolio in Q3 2026, for an estimated $115,503,752

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $HUT Analyst Ratings

    Wall Street analysts have issued reports on $HUT in the last several months. We have seen 14 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Jefferies issued a "Buy" rating on 11/10/2026
    • Morgan Stanley issued a "Overweight" rating on 11/09/2026
    • B. Riley Securities issued a "Buy" rating on 11/06/2026
    • Rosenblatt issued a "Buy" rating on 11/05/2026
    • StoneX issued a "Buy" rating on 11/05/2026
    • Wells Fargo issued a "Overweight" rating on 11/05/2026
    • Cantor Fitzgerald issued a "Overweight" rating on 11/05/2026

    To track analyst ratings and price targets for $HUT, check out Investivoq's $HUT forecast page.

    $HUT Price Targets

    Multiple analysts have issued price targets for $HUT recently. We have seen 16 analysts offer price targets for $HUT in the last 6 months, with a median target of $131.0.

    Here are some recent targets:

    • Jonathan Petersen from Jefferies set a target price of $81.0 on 11/10/2026
    • Stephen Byrd from Morgan Stanley set a target price of $184.0 on 11/09/2026
    • Nick Giles from B. Riley Securities set a target price of $132.0 on 11/06/2026
    • Chris Brendler from Rosenblatt set a target price of $100.0 on 11/05/2026
    • Mark Palmer from StoneX set a target price of $165.0 on 11/05/2026
    • Eric Luebchow from Wells Fargo set a target price of $148.0 on 11/05/2026
    • Brett Knoblauch from Cantor Fitzgerald set a target price of $127.0 on 11/05/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.