State Street Corp Invests $36,000 in Soluna Holdings, Inc. (NASDAQ:SLNH)

State Street Corp acquired a new stake in shares of Soluna Holdings, Inc. (NASDAQ:SLNH) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,594 shares of the company’s stock, valued at approximately $36,000.

Separately, Coastal Bridge Advisors LLC acquired a new position in shares of Soluna during the 2nd quarter worth approximately $61,000. 23.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Soluna

In other news, Director Michael Toporek sold 11,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $3.23, for a total transaction of $35,530.00. Following the transaction, the director now owns 79,100 shares of the company’s stock, valued at approximately $255,493. The trade was a 12.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jessica L. Thomas sold 3,300 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $11.98, for a total transaction of $39,534.00. Following the completion of the sale, the chief accounting officer now directly owns 6,700 shares of the company’s stock, valued at $80,266. This represents a 33.00 % decrease in their position. 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 three months. 27.30% of the stock is owned by corporate insiders.

Soluna Price Performance

SLNH stock opened at $2.38 on Friday. Soluna Holdings, Inc. has a 1 year low of $1.40 and a 1 year high of $8.80. The firm has a market capitalization of $19.93 million, a PE ratio of -0.16 and a beta of 2.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50 day simple moving average of $3.11 and a 200-day simple moving average of $4.00.

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.