StockNews.com Upgrades Sphere 3D (NASDAQ:ANY) to “Hold”

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

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

Sphere 3D Price Performance

Shares of ANY stock traded down $0.04 during trading hours on Wednesday, hitting $0.98. The stock had a trading volume of 980,144 shares, compared to its average volume of 803,280. The stock’s 50 day moving average is $1.20 and its 200 day moving average is $1.06. The firm has a market capitalization of $24.94 million, a PE ratio of -1.22 and a beta of 2.99. Sphere 3D has a twelve month low of $0.67 and a twelve month high of $2.73.

Insiders Place Their Bets

In other news, CEO Patricia Trompeter sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were 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 owns 597,187 shares in the company, valued at approximately $782,314.97. This trade represents a 3.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 36,000 shares of company stock valued at $46,760. 5.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd acquired a new stake in Sphere 3D Corp. (NASDAQ:ANY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned 0.28% of Sphere 3D as of its most recent SEC filing. 17.28% of the stock is 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.