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

StockNews.com cut shares of Sphere 3D (NASDAQ:ANY) from a hold rating to a sell rating in a research note released on Tuesday morning.

Separately, HC Wainwright lowered their price target on Sphere 3D from $4.00 to $3.00 and set a buy rating on the stock in a research report on Monday, August 19th.

Sphere 3D Stock Performance

NASDAQ ANY opened at $0.95 on Tuesday. Sphere 3D has a 52 week low of $0.57 and a 52 week high of $4.09. The stock’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $1.26. The stock has a market capitalization of $17.47 million, a price-to-earnings ratio of -0.52 and a beta of 2.85.

Insider Activity at Sphere 3D

In related news, CEO Patricia Trompeter sold 150,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $1.14, for a total value of $171,000.00. Following the transaction, the chief executive officer now directly owns 549,687 shares in the company, valued at $626,643.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Kurt L. Kalbfleisch sold 80,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $1.17, for a total value of $93,600.00. Following the transaction, the chief financial officer now owns 124,189 shares in the company, valued at $145,301.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patricia Trompeter sold 150,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $1.14, for a total transaction of $171,000.00. Following the sale, the chief executive officer now owns 549,687 shares in the company, valued at $626,643.18. The disclosure for this sale can be found here. 5.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. Crescent Grove Advisors LLC bought a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,005 shares of the technology company’s stock, valued at approximately $26,000. Crescent Grove Advisors LLC owned about 0.10% of Sphere 3D as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 17.28% of the company’s stock.

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.