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

Sphere 3D (NASDAQ:ANY) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

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

Sphere 3D Price Performance

ANY stock opened at $0.87 on Thursday. The company has a market capitalization of $22.21 million, a price-to-earnings ratio of -1.09 and a beta of 2.99. Sphere 3D has a 1-year low of $0.67 and a 1-year high of $2.73. The business has a 50 day simple moving average of $1.13 and a two-hundred day simple moving average of $1.05.

Insider Activity at Sphere 3D

In other news, CEO Patricia Trompeter sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $1.31, for a total value of $26,200.00. Following the sale, the chief executive officer now directly owns 597,187 shares in the company, valued at $782,314.97. The trade was a 3.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 36,000 shares of company stock valued at $46,760. Insiders own 5.59% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd purchased a new position in Sphere 3D Corp. (NASDAQ:ANY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned about 0.28% of Sphere 3D as of its most recent SEC filing. 17.28% of the stock is currently owned by institutional investors and hedge funds.

Sphere 3D Company Profile

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.