State Street Corp Makes New Investment in Soluna Holdings, Inc. (NASDAQ:SLNH)

State Street Corp acquired a new position in shares of Soluna Holdings, Inc. (NASDAQ:SLNH) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,594 shares of the company’s stock, valued at approximately $36,000. State Street Corp owned 0.15% of Soluna at the end of the most recent reporting period.

Separately, Coastal Bridge Advisors LLC acquired a new stake in Soluna during the second quarter valued at $61,000. Institutional investors and hedge funds own 23.19% of the company’s stock.

Insider Activity at Soluna

In other news, Director Michael Toporek sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $3.23, for a total value of $35,530.00. Following the completion of the sale, the director now directly owns 79,100 shares in the company, valued at $255,493. The trade was a 12.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Jennifer Oreilly sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $11.82, for a total value of $35,460.00. Following the transaction, the insider now directly owns 17,000 shares of the company’s stock, valued at approximately $200,940. The trade was a 15.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,255 shares of company stock worth $332,029 in the last 90 days. Corporate insiders own 27.30% of the company’s stock.

Soluna Trading Up 9.2 %

Shares of Soluna stock opened at $2.38 on Friday. The firm has a 50-day simple moving average of $3.11 and a two-hundred day simple moving average of $4.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. Soluna Holdings, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $8.80. The company has a market cap of $19.93 million, a P/E ratio of -0.16 and a beta of 2.89.

About Soluna

Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.