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

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

Separately, HC Wainwright reduced their price objective on Sphere 3D from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday.

Sphere 3D Stock Performance

NASDAQ ANY remained flat at $0.84 during mid-day trading on Monday. The company had a trading volume of 274,439 shares, compared to its average volume of 805,968. The stock has a 50-day moving average price of $1.04 and a 200 day moving average price of $1.32. The firm has a market cap of $17.42 million, a P/E ratio of -0.45 and a beta of 2.85. Sphere 3D has a 12-month low of $0.57 and a 12-month high of $4.09.

Insider Buying and Selling

In other news, CEO Patricia Trompeter sold 150,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $1.14, for a total value of $171,000.00. Following the completion of the sale, the chief executive officer now owns 549,687 shares of the company’s stock, valued at $626,643.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Sphere 3D news, CFO Kurt L. Kalbfleisch sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $1.17, for a total transaction of $93,600.00. Following the completion of the sale, the chief financial officer now owns 124,189 shares in the company, valued at approximately $145,301.13. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Patricia Trompeter sold 150,000 shares of Sphere 3D stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $1.14, for a total transaction of $171,000.00. Following the completion of the sale, the chief executive officer now owns 549,687 shares of the company’s stock, valued at approximately $626,643.18. The disclosure for this sale can be found here. Corporate insiders own 5.59% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd bought a new position in Sphere 3D Corp. (NASDAQ:ANY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter. Hedge funds and other 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.