Sphere 3D (NASDAQ:ANY) Cut to Sell at StockNews.com

Sphere 3D (NASDAQ:ANY) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of Sphere 3D in a research note on Monday, November 18th.

Sphere 3D Stock Performance

Shares of ANY opened at $0.87 on Thursday. The company has a market capitalization of $22.03 million, a P/E ratio of -1.08 and a beta of 2.99. The business’s 50-day moving average is $1.15 and its two-hundred day moving average is $1.06. Sphere 3D has a fifty-two week low of $0.67 and a fifty-two week high of $2.73.

Insider Transactions at Sphere 3D

In other news, CEO Patricia Trompeter sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $1.31, for a total value of $26,200.00. Following the completion of the sale, the chief executive officer now directly owns 597,187 shares in the company, valued at $782,314.97. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 36,000 shares of company stock valued at $46,760 over the last 90 days. Corporate insiders own 5.59% of the company’s stock.

Institutional Investors Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd acquired a new stake in Sphere 3D Corp. (NASDAQ:ANY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned 0.28% of Sphere 3D at the end of the most recent quarter. Hedge funds and other institutional investors own 17.28% of the company’s stock.

About Sphere 3D

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.