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

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

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

Sphere 3D Trading Up 1.0 %

Shares of NASDAQ ANY opened at $0.99 on Wednesday. Sphere 3D has a 1 year low of $0.67 and a 1 year high of $2.73. The firm’s 50-day moving average is $1.17 and its 200-day moving average is $1.06. The firm has a market capitalization of $25.17 million, a PE ratio of -1.24 and a beta of 2.99.

Insider Buying and Selling at Sphere 3D

In related news, CEO Patricia Trompeter sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 597,187 shares in the company, valued at approximately $782,314.97. The trade was a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 36,000 shares of company stock valued at $46,760. 5.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd bought a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) in the second quarter, according to its most recent Form 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 approximately 0.28% of Sphere 3D as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 17.28% of the company’s stock.

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.