Kurt L. Kalbfleisch Sells 11,000 Shares of Sphere 3D Corp. (NASDAQ:ANY) Stock

Sphere 3D Corp. (NASDAQ:ANY) CFO Kurt L. Kalbfleisch sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $0.95, for a total value of $10,450.00. Following the completion of the transaction, the chief financial officer now directly owns 136,515 shares in the company, valued at approximately $129,689.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sphere 3D Stock Performance

Shares of NASDAQ:ANY opened at $0.91 on Friday. Sphere 3D Corp. has a 12-month low of $0.57 and a 12-month high of $4.09. The company’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $1.25.

Hedge Funds Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd bought a new stake in Sphere 3D Corp. (NASDAQ:ANY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned approximately 0.28% of Sphere 3D at the end of the most recent quarter. Institutional investors and hedge funds own 17.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ANY. HC Wainwright reduced their price target on Sphere 3D from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, August 19th. StockNews.com cut shares of Sphere 3D from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th.

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.