Sphere 3D (NASDAQ:ANY) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Sphere 3D (NASDAQ:ANY) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

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

Sphere 3D Trading Down 3.9 %

NASDAQ ANY opened at $0.98 on Wednesday. The stock has a market capitalization of $24.94 million, a price-to-earnings ratio of -1.22 and a beta of 2.99. The business’s 50 day moving average is $1.20 and its two-hundred day moving average is $1.06. Sphere 3D has a 12-month low of $0.67 and a 12-month high of $2.73.

Insider Buying and Selling

In related news, CEO Patricia Trompeter sold 20,000 shares of the firm’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 transaction, the chief executive officer now directly owns 597,187 shares of the company’s stock, valued at $782,314.97. This trade represents a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 36,000 shares of company stock valued at $46,760. Corporate insiders own 5.59% of the company’s stock.

Institutional Trading of Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd bought a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 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 filing with the SEC. Institutional investors and hedge funds own 17.28% of the company’s stock.

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.