Kurt L. Kalbfleisch Sells 11,000 Shares of Sphere 3D Corp. (NASDAQ:ANY) Stock

Sphere 3D Corp. (NASDAQ:ANY) CFO Kurt L. Kalbfleisch sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $0.95, for a total value of $10,450.00. Following the transaction, the chief financial officer now owns 136,515 shares of the company’s stock, valued at approximately $129,689.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sphere 3D Stock Performance

NASDAQ ANY opened at $0.91 on Monday. The company has a market capitalization of $18.85 million, a price-to-earnings ratio of -0.49 and a beta of 2.85. The stock has a 50-day moving average of $1.01 and a 200 day moving average of $1.24. Sphere 3D Corp. has a one year low of $0.57 and a one year high of $4.09.

Institutional Investors Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. Crescent Grove Advisors LLC purchased a new position in Sphere 3D Corp. (NASDAQ:ANY) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 17,005 shares of the technology company’s stock, valued at approximately $26,000. Crescent Grove Advisors LLC owned 0.10% of Sphere 3D at the end of the most recent quarter. 17.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ANY has been the subject of a number of research reports. StockNews.com downgraded shares of Sphere 3D from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. HC Wainwright lowered their price target on Sphere 3D from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, August 19th.

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.