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

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

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

Sphere 3D Price Performance

ANY stock opened at $0.65 on Tuesday. The company’s 50 day simple moving average is $0.90 and its 200-day simple moving average is $1.01. Sphere 3D has a 12 month low of $0.61 and a 12 month high of $2.60. The firm has a market capitalization of $16.43 million, a PE ratio of -0.81 and a beta of 2.98.

Insiders Place Their Bets

In other Sphere 3D news, CEO Patricia Trompeter sold 20,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 597,187 shares in the company, valued at approximately $782,314.97. The trade was a 3.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 36,000 shares of company stock valued at $46,760 in the last ninety days. Insiders own 5.59% of the company’s stock.

Institutional Investors Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. Two Sigma Securities LLC purchased a new position in Sphere 3D Corp. (NASDAQ:ANY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned about 0.13% of Sphere 3D at the end of the most recent quarter. 17.28% of the stock is currently owned by hedge funds and other institutional investors.

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.