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

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

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

Sphere 3D Trading Down 4.5 %

ANY traded down $0.03 during midday trading on Tuesday, hitting $0.72. 355,176 shares of the company traded hands, compared to its average volume of 590,740. The company has a market capitalization of $18.24 million, a price-to-earnings ratio of -0.90 and a beta of 2.98. Sphere 3D has a 52-week low of $0.67 and a 52-week high of $2.73. The business has a 50 day simple moving average of $1.05 and a two-hundred day simple moving average of $1.03.

Insider Buying and Selling at Sphere 3D

In related news, CEO Patricia Trompeter sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $1.31, for a total transaction of $26,200.00. Following the completion of the sale, the chief executive officer now directly owns 597,187 shares in the company, valued at approximately $782,314.97. This trade represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 36,000 shares of company stock valued at $46,760 over the last ninety days. Corporate insiders own 5.59% 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.