Sphere 3D (NASDAQ:ANY) Downgraded by StockNews.com to “Sell”

Posted by Scott Moore on Feb 25th, 2025

Sphere 3D (NASDAQ:ANY – Get Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

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

Get Our Latest Stock Analysis on ANY

Sphere 3D Price Performance

ANY stock traded down $0.02 during trading on Tuesday, hitting $0.64. 332,725 shares of the stock traded hands, compared to its average volume of 528,145. The stock has a market cap of $16.34 million, a price-to-earnings ratio of -0.80 and a beta of 2.98. Sphere 3D has a 1 year low of $0.61 and a 1 year high of $2.60. The firm’s 50 day moving average is $0.92 and its two-hundred day moving average is $1.02.

Insider Activity

In other news, CEO Patricia Trompeter sold 20,000 shares of Sphere 3D stock in a transaction that occurred 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 directly owns 597,187 shares in the company, valued at $782,314.97. The trade was a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 36,000 shares of company stock valued at $46,760 over the last ninety days. 5.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sphere 3D

A hedge fund recently raised its stake in Sphere 3D stock. Two Sigma Investments LP lifted its position in Sphere 3D Corp. (NASDAQ:ANY – Free Report) by 92.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,595 shares of the technology company’s stock after buying an additional 16,577 shares during the period. Two Sigma Investments LP owned approximately 0.14% of Sphere 3D worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 17.28% of the company’s stock.

About Sphere 3D

(Get Free Report)

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.